Energy - 2022
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The international rating agency Moody`s lowered its forecasts for global economic growth for 2022 and 2023, noting that the Russian-Ukrainian conflict, as well as quarantine restrictions in China, are...
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Russia and Iran discussed the possibility of swap supplies of oil and gas, as well as investments in oil and gas projects, Russian Deputy Prime Minister Alexander Novak told reporters after a meeting...
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At the annual meeting, the shareholders of the Caspian Pipeline Consortium (CPC) decided to pay dividends for 2021 in the amount of $586 million, the company's press service reports. It is noted that...
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British Finance Minister Rishi Sunak announced a decision to introduce a temporary tax on excess profits of companies operating in the oil and gas sector, Sky News reports.According to him, the talk...
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German Chancellor Olaf Scholz confirmed Germany's plans to stop using Russian oil."We plan to phase out Russian oil by the end of the year," he said Thursday at the World Economic Forum in Davos.In Ap...
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If the Trans-Adriatic Gas Pipeline (TAP) is expanded and its capacity is doubled to 20 bcm of gas, TAP will be able to satisfy 20-25% of Italy's gas needs, the Azerbaijani Foreign Minister Jeyhun Bayr...
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The energy regulators of Bulgaria and Greece have certified the Greece-Bulgaria Interconnector (IGB), which will transport Azerbaijani natural gas to Europe, and from there to Bulgaria, Bulgaria Today...
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The Azerbaijani authorities will continue their conservative policy in determining the price of oil in the state budget, Finance Minister Samir Sharifov said.“The last two years have been difficult in...
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Oil and gas companies operating in Azerbaijan under PSA contracts (Production Sharing Agreements) paid income tax in the amount of 1 billion 44.6 million manats to the state budget in 2021. This is st...
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Yesterday, the ceremony of laying the foundation of the 330/110-kV Jabrayil energy hub of Azerenergy OJSC took place.The ceremony was attended by President of the Republic of Azerbaijan Ilham Aliyev a...
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The Federation Council of Russia has supported a law that proposes to expand the use of a preferential rate of mineral extraction tax (MET) in relation to deposits located entirely in the Russian sect...
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Azerbaijan is ready and open to discuss the issue of increasing energy supplies to Europe. This was stated by the Minister of Economy of Azerbaijan Mikayil Jabbarov, speaking at the World Economic For...
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The award in connection with the inclusion of the STAR oil refinery operating in Turkey (100% subsidiary of SOCAR) in the Global Lighthouse network of the World Economic Forum was presented to the cha...
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The transit of Russian oil to China through Kazakhstan in April amounted to 829,000 tons, which is 9% more than in March of this year, a source familiar with industry statistics reported Interfax.In t...
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Baku/25.05.22// Turan: Rashid Agakishiev has been appointed economic adviser to the head of SOCAR, Agakishiev himself wrote in his account on the social network.Prior to his appointment to this post,...














