Energy - 2022
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In January-April 2022, oil and gas companies operating in Azerbaijan under PSA contracts (Production Sharing Agreements) paid income tax billion 168.3 million manats income tax to the state budget....
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In 2022, the government of Azerbaijan expects revenues to the state budget in the form of income tax on profits from oil and gas companies operating in the country under PSA contracts (Production Shar...
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In January-May 2022, SOCAR's “SOCAR Methanol LLC” produced 230.1 thousand tons of methanol, which is 4.9 times higher than the same period last year, the monthly report of the State Committee on Stati...
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The net income of the State Oil Fund of Azerbaijan (SOFAZ) from leasing the Akter Gallery shopping and office center in Moscow in 2021 amounted to 152 million 790.036 rubles (about $ 2.08 million with...
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Azerbaijan has great potential in the development of renewable energy. Vice President of Uniper Global Commodities SE Michael Gilmer said this yesterday at the German-Azerbaijani forum on sustainable...
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The European Bank for Reconstruction and Development (EBRD) will provide a loan in the amount of $105 million for the construction of a 240 MW wind farm in Azerbaijan. The loan borrower is ACWA Power...
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The SOCAR-KBR joint venture has signed a contract with BP Exploration for preliminary engineering design (FEED), overhaul and tender support services for the Shah Deniz Alpha (SDA) platform in Azerbai...
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Oil and gas revenues in 2022 should provide more than 40% of federal budget revenues, according to the draft main directions of the budget, tax and customs tariff policy of the Ministry of Finance for...
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Kazmunaigas (KMG) and Lukoil signed an additional agreement on the Kalamkas-Sea and Khazar project during the St. Petersburg International Economic Forum (SPIEF).The document provides for work on the...
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The filling of European gas storage facilities has increased to 55% and reached 58.3 bcm, according to Gas Infrastructure Europe (GIE) data.As noted, restrictions on the supply of "blue fuel" from Rus...
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ExxonMobil and QatarEnergy announced the signing an agreement on the further development of the North Field East project in Qatar, which will increase Qatar's annual LNG production capacity from 77 mi...










