Energy - 2023
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Baku/05.07.23//Turan: One of the main goals of the State Oil Company (SOCAR) is to achieve decarbonization, SOCAR President Rovshan Najaf, stated at the opening of the 17th Baku Summer Energy School.....
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Baku/05.07.23//Turan: The Trans-Adriatic Gas Pipeline (TAP) is a necessary infrastructure for the Italian energy system, the revised Italian national action plan for sustainable energy development. "T...
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Baku/05.07.23//Turan: In January-April 2023, Azerbaijan exported 3 billion 513.75 mcm of gas from the “Shah Deniz” field to Turkey, by 15.6% higher than in the same period last year.In April 2023, Aze...
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Baku/05.07.23//Turan: In 2022, foreign companies paid bonuses to the State Oil Fund of Azerbaijan (SOFAR) in connection with the implementation of oil and gas projects in the amount of $452.2 million....
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Baku/05.07.23//Turan: In June 2023, the State Oil Fund of Azerbaijan (SOFAR) sold foreign currencies totaling $78.9 million at currency auctions. In May 2023, SOFAR sold foreign currencies for a total...
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Baku/05.07.23//Turan: In 2022, investments of the State Oil Fund of Azerbaijan (SOFAR) in real estate funds amounted to $520 million. "Despite the difficult macroeconomic conditions and unpredictabili...
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Baku/05.07.23//Turan: Russia, as part of efforts to ensure market balance, will voluntarily reduce supplies to oil markets by 500 thousand barrels per day in August by reducing exports by a designated...
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Baku/05.07.23//Turan: A state commission will be established in Kazakhstan to investigate the causes of an accident in the power system in the west of the country. The corresponding order was given by...
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Baku/05.07.23//Turan: In January-June 2023, the average price of Urals crude oil was $52.17 per barrel, by 1.6 times lower compared to the same of period last year ($84.09).In June, there was an almos...








