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Baku/28.07.21/Turan: The head of the SOCAR investment department, Vagif Aliyev, has submitted a letter of resignation and dismissed from his post.
SOCAR told Turan about it.
Recall that earlier, by the decision of the President of Azerbaijan, 4 vice-presidents of SOCAR left their posts.
From the end of 2020 to the beginning of 2021, the state-owned company is undergoing a reform process. In fact, all decisions in the company since January 2021 have been made by the Supervisory Board headed by the Minister of Economy Mikail Jabbarov.
The goal of the reform is to improve the efficiency of the country's largest company, whose debt is commensurate with the external public debt of Azerbaijan.—0—
Energy
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The Kremlin has declined to predict the developments surrounding a possible deal between European companies and Azerbaijan for gas exports through Ukraine’s gas transportation system, noting Ukraine's refusal to extend its transit contract with Russia.
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The Saudi company ACWA Power has allocated $238 million for the construction of the "Khızı-Abşeron" wind power plant (WPP) with a capacity of 240 MW near Baku. According to the Middle Eastern publication “Gulf Business,” the power plant is expected to be fully operational in the first half of 2026.
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A gas trading center as part of the international gas hub project will be opened in Istanbul in 2025, said Türkiye's Minister of Energy and Natural Resources Alparslan Bayraktar in an interview with the “Milliyet” newspaper. "In 2025, we will create a robust infrastructure that, in partnership with “Botas” and “Gazprom”, will manage a trading platform in the Istanbul Financial Center.
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From January to October 2024, Russia boosted its pipeline gas exports to Europe by more than 15%, reaching 26.52 bcm, TASS reported based on daily data from Gazprom on transit through Ukraine and the European Network of Transmission System Operators for Gas (ENTSOG).
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