Oil Transportation via Azerbaijan’s Main Export Pipeline Decreased by 4%

The State Oil Company of Azerbaijan (SOCAR) has received a sustainability rating of BBB for 2024 from MSCI, a leading international rating agency focused on ESG (Environmental, Social, and Governance) criteria.

Since its commissioning, the Garadagh solar power plant has produced 458.8 million kWh of electricity, the Ministry of Energy of Azerbaijan reported. According to the information, the plant, which was officially inaugurated on October 26 last year, is considered a source of "green" energy. It is noted that the total capacity of the plant, built by “Masdar” from the United Arab Emirates, is 230 MW.

Turkmenistan and Afghanistan are continuing active discussions regarding the construction of the Serhetabat-Herat gas pipeline,  Muhammetmyrat Amanov, General Director and Chairman of the Board of Directors of TAPI Pipeline Company Limited, stated at a panel discussion on "The Future of Turkmen Natural Gas: New Export Routes and Export Potential" in Ashgabat.

Turkmenistan is looking to increase the export of electricity to European countries through Azerbaijan, the country's Minister of Energy Annageldi Saparov said during the "Oil and Gas of Turkmenistan - 2024" conference.