Energy - 2024
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Regular measures are being taken to enhance ties between Türkiye and the Nakhchivan Autonomous Republic (NAR). The commissioning of the Igdir-Nakhchivan gas pipeline will not only diversify gas suppli...
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The Hungarian company MVM Upstream Private Limited Company, a subsidiary of MVM Group, has opened a branch in Azerbaijan, the State Tax Service under the Ministry of Economy of Azerbaijan reported. Th...
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The Saudi Arabian company ACWA Power has founded a subsidiary in Azerbaijan called ACWA Power Technical Financial Services, the State Tax Service under the Ministry of Economy of Azerbaijan reported.
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The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with “Hassana” Investment Company to explore investment opportunities in Saudi Arabia.
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The Azerbaijani operational company COP29 and the "Green Energy" Power Plant LLC signed a Memorandum of Cooperation on October 29.
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Currently, 32 new power plants are under construction in Karabakh and Eastern Zangezur, Emil Ibadov, a representative of the "Green Energy" Power Plant LLC, stated at the signing ceremony of the Memor...
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Azerbaijan, Romania, and Hungary are working on the implementation of a mega-European project to lay a high-voltage power transmission line (PTL) under the Black Sea, Hungarian Prime Minister Viktor O...
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Ukraine and the European Union have agreed to increase the potential volume of electricity imports during the winter period to 2.1 GW, the country's Minister of Energy, Herman Halushchenko, reported.
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British BP Plc reduced its net profit by approximately 24 times in the third quarter, with adjusted profits down 31%. According to the press release, net profit for July-September 2024 amounted to $20...
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The State Oil Company of Azerbaijan (SOCAR) has received a sustainability rating of BBB for 2024 from MSCI, a leading international rating agency focused on ESG (Environmental, Social, and Governance)...
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From January to September of this year, 164 million 926 thousand barrels of oil were transported through the Baku-Tbilisi-Ceyhan (BTC) pipeline, a 4% decrease compared to the same period last year, "...
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Since its commissioning, the Garadagh solar power plant has produced 458.8 million kWh of electricity, the Ministry of Energy of Azerbaijan reported. According to the information, the plant, which was...
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Turkmenistan and Afghanistan are continuing active discussions regarding the construction of the Serhetabat-Herat gas pipeline, Muhammetmyrat Amanov, General Director and Chairman of the Board of Dir...
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Turkmenistan is looking to increase the export of electricity to European countries through Azerbaijan, the country's Minister of Energy Annageldi Saparov said during the "Oil and Gas of Turkmenistan...
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The price of a barrel of Azerbaijani oil, Azeri Light, was sold for $76.63 based on CIF contracts on the last day of the past week.
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Slovak President Peter Pellegrini will visit Azerbaijan in the coming days, the head of state announced this during a conversation with journalists on October 24, according to Slovak media.















