Solar Panels Installed at "Bibiheybat" Ship Repair Plant
As part of ongoing efforts to implement environmentally friendly technologies, solar panels have been installed on the roof of one of the production workshops at the "Bibiheybat" Ship Repair Plant of the Azerbaijan Caspian Shipping Company (ASCO).
According to ASCO, each solar panel has a capacity of 690 W and occupies an area of 512 square meters. The system includes solar panels, an inverter, cable distribution, a SCADA control device, and a meter. The inverter comes with a 10-year warranty, while the solar panels have a 25-year warranty from the manufacturer.
Energy
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BP hopes that its participation in the development of the "Karabakh" oil field and the "Ashrafi-Dan Ulduzu and Aypara" (ADUA) structures in the Azerbaijani sector of the Caspian Sea will be an opportunity to implement international standards within these projects.
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Established in 1999, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) currently holds assets exceeding $60 billion, which is roughly 80% of the country’s economy, SOFAZ’s Executive Director Israfil Mamedov said at the annual meeting dedicated to the 25th anniversary of the Oil Fund’s establishment. He noted that the revenue from managing SOFAZ’s assets has already surpassed $15 billion.
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Azerbaijan is expected to supply Bulgaria with 2 bcm of gas in 2024, Azerbaijan’s Ambassador to Bulgaria, Huseyn Huseynov, stated in an interview with Euronews Bulgaria. The diplomat emphasized that energy is one of the priority areas in bilateral relations between Baku and Sofia.
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Kazakhstan plans to increase the volume of oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan’s Ambassador to Kazakhstan, Agalar Atamoglanov stated. According to him, Azerbaijan and Kazakhstan, as traditional energy exporters, are actively developing cooperation in this field.
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