Novruz Məmmədov. azeriobserver.az
Baku/06.07.18/Turan: Prime Minister NovruzMammadov was elected acting Chairman of the Supervisory Board of the State Oil Fund (SOF) of Azerbaijan. This decision was made at a meeting of the Supervisory Board of the Oil Fund on July 6.According to the report of the National Assembly, today's meeting heard the annual report on the activities of the State Oil Fund for 2017, the results of the audit of financial activities, as well as the implementation of the budget for 2017 and changes to the budget of 2018 were discussed. The Supervisory Board found satisfactory he report presented by the Executive Director.
Following the meeting, it was decided to submit to the President of the country the draft budget execution for 2017 and submit for approval the changes to the budget for 2018.
The Supervisory Board of the SOF consists of six members, headed by the Prime Minister. Last month, changes were made to the state budget, according to which transfers from the Oil Fund to the budget are expected to be 9 billion 216 million manats. After making changes, this figure grew to 10 billion 966 million.-0-
Energy
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The total volume of Azerbaijani gas transported via the TANAP pipeline to Türkiye and Europe reached 75 bcm. "To date, the total volume of gas transported through TANAP – a key link in the Southern Gas Corridor – since the start of supplies has amounted to 75 bcm," TANAP A.Ş. reported yesterday.
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Azerbaijan and Tatarstan held talks on energy cooperation. According to the Ministry of Energy of Azerbaijan, the discussions took place during a meeting between Azerbaijan's Minister of Energy Parviz Shahbazov and a delegation headed by Tatarstan’s Deputy Prime Minister and Minister of Industry and Trade Oleg Korobchenko.
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Azerbaijan has significant potential in renewable energy and continues to invest in this area, the Chairman of the Milli Majlis (Parliament) Committee on Natural Resources, Energy, and Ecology, Sadig Gurbanov, stated yesterday at the first plenary session of the spring session of parliament. According to him, the technical potential for renewable energy is estimated at 135 GW on land and 150 GW at sea.
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The Milli Majlis (Parliament) of Azerbaijan approved the agreement on strategic partnership between Azerbaijan, Kazakhstan, and Uzbekistan in the development and transmission of green energy. This issue was discussed yesterday during the first plenary session of the 2025 spring session of the Milli Majlis.
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