SOCAR Reduces Oil Production in January-September, but Increases Gas Production

Kyiv is not negotiating with anyone about extending the transit of Russian gas to Europe after 2024, when the contract with Gazprom expires, by the Ukrainian Ministry of Energy  stated at the end of last week. The ministry emphasized that it had not discussed this issue with Italy, Slovakia, or Austria. Moreover, the issue of re-exporting Russian gas has not been discussed with Azerbaijan either.

The State Oil Company of Azerbaijan (SOCAR), together with the company M-Gaz, began supplying natural gas to social consumers in the Ruse region of Bulgaria on November 16.

Azerbaijan attaches great importance on cooperation with Central Asian countries in the implementation of regional projects in the field of renewable energy, Azerbaijan's Minister of Energy Parviz Shahbazov stated on November 15 at the COP29 investment forum on energy transition issues for Central Asia.

Consumers in Azerbaijan spent 2 billion 780.2 million manats ($1.63 million) on purchasing automotive gasoline and diesel fuel in the first ten months of this year. According to the State Statistics Committee of Azerbaijan, this expenditure has increased by 6.5% compared to the same period last year.