SOCAR has registered a new company with a capital of $16.5 million
The State Tax Service of Azerbaijan has registered SOCAR Green LLC ("daughter" of SOCAR), the authorized capital of the company is $16.5 million.
"On March 1, 2024, SOCAR Green LLC was registered with registration number 1506714931. The authorized capital of the company is $16.5 million. The official representative of the company is Elmir Musayev," the tax service wrote in its departmental newspaper.
As previously reported, the Supervisory Board of SOCAR (the State Oil Company of Azerbaijan) in December 2023 approved the establishment of SOCAR Green LLC in order to develop renewable energy sources in Azerbaijan, as well as achieve SOCAR's decarbonization goals.
Energy
-
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.
-
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.
-
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.
-
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.
Leave a review