The State Oil Company of Azerbaijan opens a representative office in Turkmenistan
The State Oil Company of Azerbaijan opens a representative office in Turkmenistan
Yesterday, the State Oil Company of Azerbaijan has opened a representative office in Ashgabat. The opening ceremony was attended by Chairman of the SOCAR Supervisory Board, Azerbaijani Economy Minister Mikail Jabbarov, Advisor to the President of Turkmenistan on oil and Gas issues Ashirgulu Begliyev, SOCAR President Rovshan Najaf and ambassadors of the two countries, the SOCAR press service
Speaking at the event, Mikail Jabbarov noted that the opening of a SOCAR representative office in Ashgabat is a manifestation of confidence in strengthening long-term cooperation with Turkmenistan and realizing the common interests of our countries in the energy sector.
The 2023 is a significant year for the Azerbaijani people, and opening of the second SOCAR representative office abroad (previously in Bulgaria - Turan) within the framework of the "Year of Heydar Aliyev" is of particular importance, the Minister said. He added that the legal basis of our relations consists of more than 100 interstate and intergovernmental documents signed between our countries.
Advisor to the President of Turkmenistan for oil and gas issues Ashirgulu Begliyev expressed confidence that the delegation would make a valuable contribution to the further expansion of cooperation in the energy sector between our countries.
SOCAR President Rovshan Najaf noted that the opening of the SOCAR representative office in Turkmenistan is a landmark event.
At a joint meeting, Batyr Amanov, Deputy Chairman of the Cabinet of Ministers of Turkmenistan and his colleagues, as well as SOCAR President Rovshan Najaf, noted good prospects for further development of cooperation in the energy sector. The parties discussed the issues of energy partnership on the agenda, the current state of cooperation on energy exchange and the joint development of the “Dostlug” carbon deposit.
Energy
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In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
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According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
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