SOCAR has increased urea exports to the EU by 6 times
Baku/27.09.23//Turan: In January-July 2023, the countries of the European Union (EU) imported 85.68 thousand tons of urea from Azerbaijan (an increase of 5.9 times) for 33.114 million euros (an increase of 3.7 times), the monthly report of the Statistical Office of the European Union (Eurostat).
The top five importers of urea in January-July included: Romania - 55,785 thousand tons (3.8 times growth), Italy - 19,440 thousand tons, Greece - 5.5 thousand tons (there were no deliveries a year ago), Slovenia - 4,753 thousand tons (there were no deliveries a year ago) and Poland - 0.18 thousand tons (there were no deliveries a year ago.)
According to statistics, in July 2023, Azerbaijan exported 9.92 thousand tons of these products to the EU (an increase of 74% compared to July 2022) for 2.94 million euros (a decline of 18.9%) and almost all of this volume was delivered to Romania.
According to Eurostat, in 2022, EU countries imported 78,651 thousand tons of carbamide from Azerbaijan (an increase of 31.9% compared to 2021) by 53.784 million euros (an increase of 1.7 times or 74.2%).
SOCAR Carbamide Plant is engaged in the production of mineral fertilizers in Azerbaijan.
SOCAR Carbamide Plant was put into operation on January 16, 2019, in June the company began exporting carbamide. The enterprise includes three production sites: ammonia production; urea production; production of urea granules. For the production of these products, the plant uses domestic natural gas as raw materials. -0-
Energy
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We have very big plans in the energy sector. Two hydroelectric power plants with a capacity of 280 megawatts are planned to be built here, President Ilham Aliyev stated in his speech at the ceremony of commissioning the Khudaferin hydroelectric complex and the opening of the Giz Galasi hydroelectric complex built on the Araz River. The Head of State noted that the equal sharing of energy capacities will also bring additional benefits to both countries – Azerbaijan and Iran.
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The State Oil Company of Azerbaijan (SOCAR) plans to use artificial intelligence in its activities, SOCAR Vice President Afghan Isayev said at the forum "Raising Ambitions and stimulating activities: COP29 Sustainable Business Forum".
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SOCAR has outlined the transition from the status of an oil and gas company to an energy company by 2035, which involves participation in renewable energy projects, in the process of decarbonization, that is, the talk is about having a portfolio of low-carbon projects, SOCAR Vice President Afghan Isayev stated at the conference "Strengthening Ambitions, implementing actions: COP29 Sustainable Business Forum".
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Harry Kemian , a Senior Adviser on Multilateral Energy Diplomacy at the Bureau of Energy Resources of the US Department of State, will visit Azerbaijan in June to participate in Baku Energy Week, the U. S. Department of State reported.
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