SOCAR builds an oil tanker in Baku for $29 million
Baku Shipbuilding Plant LLC will produce a tanker for oil transportation by order of SOCAR (the State Oil Company of Azerbaijan.) According to SOCAR's published financial statements for the first half of 2023, the State Oil Company and Baku Shipbuilding Plant LLC signed a contract for the construction of a tanker on April 12 this year. SOCAR transferred $28.8 million to the account of the shipyard for the implementation of the project.
At the same time, the reporting does not specify the characteristics of the tanker, as well as the timing of completion of its construction. --0--
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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