Energy - 2023
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The International Monetary Fund (IMF) predicts an increase in the assets of the State Oil Fund to $54.524 billion by 2029. By the end of 2022, SOFAZ's assets amounted to $49.369 billion. Thus, in 2023...
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Revenues to the State Oil Fund (SOFAZ) in 2024 from the sale of oil and gas accounted for by Azerbaijan under production sharing agreements (PSA) are projected to amount to $4 billion 791.9 million....
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In the first three quarters of 2023, Azerbaijan's revenues from the activities of main pipelines amounted to 2 billion 705 million 208 thousand manats ($1 billion 591.29 million), by 2.9% higher than...
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In January-November 2023, fuel consumers in Azerbaijan purchased gasoline and diesel for a total of 2 billion 804.4 million manats ($1 billion 649.6 million), by 8% higher than in 11 months of 2022.
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The commissioning of a new thermal power plant in Mingachevir with a capacity of 1,280 MW is planned for the first half of 2025, the head of “Azerenergy”, Baba Rzayev, told reporters. "The constructio...
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The first power unit of the “Akkuyu” NPP in Turkiye has received a permit for commissioning, “Rosatom” reports. "The first power unit of the “Akkuyu” NPP in Turkiye has received a permit for commissio...
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The intention of the European Union to allow countries to block the import of Russian gas is another discriminatory measure against Moscow, this will cause the destruction of the economies of the Euro...
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The draft final agreement of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) calls for "reducing consumption and production of fossil fuels" for...







