The forum "Energy Investments of Central Asia and Azerbaijan" will be held within the framework of COP29
The "Forum of Energy Investments of Central Asia and Azerbaijan" will be held within the framework of COP29, Deputy Minister of Energy Orhan Zeynalov during the first meeting of energy ministers of Central Asian countries in Astana.
The Deputy Minister noted that the political will of the heads of state opens up wide opportunities for deepening bilateral and multilateral cooperation between the countries, and stressed the prospects for developing partnership relations between the countries.
"Within the framework of COP29, global initiatives and high-level events dedicated to the transition to green energy are planned, and in this context, the forum of Energy Investments of Central Asia and Azerbaijan will be held," he said.
It is noted that the work on the creation of the "green" energy corridor "Azerbaijan-Central Asia-Europe" and the next steps in this direction were also discussed.
Energy
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In January-July 2024, 10 billion 272 million 795.7 thousand manats of taxes were received through the State Tax Service under the Ministry of Economy to the state budget.
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The first seismic exploration at the Azeri-Chirag-Deepwater Gunashli (ACG) field, which began in January 2024, completed ahead of schedule and with a budget less than planned, a letter from BP Regional President for Azerbaijan, Georgia and Türkiye Gary Jones addressed to Azerbaijani Prime Minister Ali Asadov on the occasion of the completion of the first stage of the seismic research program at the field using new four-dimensional (4D) high-precision marine sensors.
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The government of Azerbaijan has stopped regulating the cost of road bitumen in the domestic market since August 1. Deregulation may cause higher prices against the background of active demand for bitumen from local road construction companies, market participants believe.
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In January-June 2024, the reserves of commercial natural gas in Azerbaijan amounted to 21 billion 870.9 mcm, taking into account the remaining reserves at the beginning of the year, the report of the State Statistics Committee of the Republic of Azerbaijan. According to the data, in the first half of the year, 27.5% of commercial volumes of natural gas were consumed, and 59.8% were exported, 10.2% of the volumes were reserves at the beginning of July, another 2.5% accounted for technical and commercial losses (546.77 mcm.)
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