SOCAR and “Gazprom Neft” Discuss Cooperation
Rovshan Najaf, President of SOCAR, met with Alexander Dyukov, Chairman of the Board of Directors of “Gazprom Neft”, on October 2. SOCAR’s social media publication noted that the meeting involved discussions on mutually interesting issues, but did not provide further details.
It is noteworthy that SOCAR and Gazprom have held periodic meetings over the past few years to discuss ongoing cooperation. In 2023, Azerbaijan imported 800 mcm of natural gas from Russia while supplying 356 mcm back to Russia. No gas transactions have occurred between SOCAR and Gazprom this year.
Energy
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At a meeting in Istanbul, the board of directors of SOCAR Türkiye discussed the company’s goals and projects for the upcoming year, SOCAR Türkiye reported.
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As of January-November 2024, Azerbaijan’s electricity production totaled 23.55 billion kWh, by 2.2% lower than in the same period last year.
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From January to November 2024, Azerbaijan exported 1.745 billion kWh of electricity worth $93.9 million, the monthly report of the State Customs Committee of Azerbaijan. This is by $285.4 million (75.2%) less than in the same period last year and 2.178 billion kWh (55.5%) less in volume. Electricity exports during the reporting period accounted for 0.39% of Azerbaijan’s total exports and 3.04% of non-oil sector exports.
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Türkiye has received an exemption from the United States for "Gazprombank" in relation to payments for Russian gas, the NTV channel reported citing a statement by Türkiye's Minister of Energy, Alparslan Bayraktar. It is noted that this issue was previously discussed with U.S. Secretary of State Antony Blinken during his visit to Türkiye.
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