Energy - 2024
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The Turan-Energy team congratulates you on the upcoming New Year and wishes you prosperity and great success in your business in 2025!
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Yesterday, the national electricity companies of Azerbaijan, Kazakhstan, and Uzbekistan signed a founding agreement to create a joint venture called "The Commonwealth of the Green Corridor," a public...
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In 2025, the State Agency on Renewable Energy Sources under the Ministry of Energy of Azerbaijan will receive 1 million 862 thousand manats from the state budget for its operations. According to the d...
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The process of developing the route for a gas pipeline from Russia through Kazakhstan to China has been initiated. This was announced by Russian Deputy Prime Minister Alexander Novak in an interview w...
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The full conversion of Almaty’s TEC-2 (Thermal Power Plant-2) to gas is planned to be completed by 2026, Minister of Energy Almasadam Satkaliyev announced during a meeting with the city’s residents, a...
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Gazprom's reserves will last for many years, with some fields projected to produce gas for another 110 years, said the company's head, Alexei Miller. "Gazprom is the global leader in gas reserves. And...
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Gazprom’s gas production will increase by 61 bcm in 2024 compared to 2023, reaching around 416 bcm, announced the head of the holding, Alexei Miller, during a meeting to summarize the preliminary resu...
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U.S. oil exports to China have decreased by nearly half in 2024, according to Bloomberg, citing data from Kpler. The U.S. exported 81.1 million barrels of oil to China this year, by 46% lower than the...
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European countries have slowed down the pace of gas withdrawal from underground storage facilities (USF) in recent days due to warm weather. However, reserves in USF have gradually fallen below 75%, a...
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Oil prices remained in the positive on Friday amid escalating tensions in the Middle East. Yesterday, February futures for Brent rose by 43 cents (0.59%) on the London ICE exchange, reaching $73.69 pe...
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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 opportu...
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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 Is...
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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 e...
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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 an...
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In January-November of this year, Azerbaijan produced 1,210.8 thousand tons of automobile gasoline, the monthly report of the State Statistical Committee of Azerbaijan.
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Yesterday, Azerbaijani President Ilham Aliyev signed a decree for the construction of a new thermal power plant in the Nakhchivan Autonomous Republic (NAR).















