SOCAR discusses cooperation with Vietnamese companies

Yesterday, during the Uzbek-Azerbaijani business forum organized as part of the state visit of the President of the Republic of Azerbaijan to Uzbekistan (August 22-23), an “Agreement on the Basic Principles for Implementing a Geological Exploration Project on Investment Blocks of the Republic of Uzbekistan” was signed between JSC "Uzbekneftegaz" and the State Oil Company of Azerbaijan (SOCAR), SOCAR President Rovshan Najaf  wrote on his social media account.

Uzbekistan and SOCAR have begun geological exploration work on the “Ustyurt” Plateau in Uzbekistan, Laziz Kudratov,  Uzbekistan’s Minister of Investments, Industry, and Trade  said during the Uzbek-Azerbaijani business forum in Tashkent. According to him, cooperation between Azerbaijan and Uzbekistan in the energy, oil and gas sectors also shows positive dynamics.

Azerbaijan's revenues from the operation of main oil pipelines, including the Baku-Tbilisi-Ceyhan pipeline, amounted to 538 million 277.6 thousand manats ($316.6 million) in the first half of 2024. According to the State Committee on Statistics of the Republic of Azerbaijan, revenues from the operation of main oil pipelines increased by 0.5% compared to the January-June 2023 figure.

Today, gas supply will be temporarily suspended in some areas of Baku and the Absheron region. According to the press service of "Azerigaz" (the gas distribution structure of the State Oil Company of Azerbaijan), repair work on the "Garadagh-Sumgait" main gas pipeline will begin at 8:00 AM on August 23, and the replacement of the gas pipeline in the Hovsan settlement will start at 10:00 AM.