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SOCAR interested in pilot project of floating wind farm
Baku/16.07.21//Turan: On July 15, SOCAR and the French Technip Energies signed an Agreement on Cooperation in the Development of Sustainable Energy in Offshore Fields. The document was signed by SOCAR President Rovnag Abdullayev and Chairman of the Board of Technip Italy S.p.A. Marco Villa.
Within the framework of the agreement, opportunities for sustainable development will be explored to improve energy efficiency in offshore oil and gas operations, save overall business costs, and reduce carbon emissions, SOCAR's press service said.
According to the information, the possibility of joint implementation, without additional obligations, of a pilot project for the construction of a floating wind farm in the sea and the supply of energy to oil and gas operations with its help will be assessed.
"Currently, oil and gas production in the Caspian Sea mainly uses electricity generated from natural gas. One of the main goals of the feasibility study and pilot project is to determine the prospects for the supply of alternative energy for the oil and gas industry of Azerbaijan, to reduce the consumption of natural gas and an increase in its exports," the company notes. –0-
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- Social
- 16 July 2021 11:21
Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million. In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.
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