Energy - 2024
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In January-March 2024, budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to 5,268.3 million manats ($3 billion 99 million), budget expenditures – 3,205.4 million man...
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Azerbaijani Energy Minister Parviz Shahbazov, at a meeting in New York with Mary Bers Warlick, Deputy Executive Director of the International Energy Agency (IEA), discussed the draft "Energy Efficienc...
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The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), as of April 1, 2024, reached $57 billion 373 million, the SOFAZ press service. "In the first quarter of 2024, assets increased b...
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Within the framework of the global initiative to reduce methane emissions, field trips were organized for representatives of a group of local oil and gas operators to NGDU "Neft Dashlary" (Oil Rocks),...
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In the near future, a unified electric grid will be launched, which will connect Azerbaijan, Iran and Russia, Director of the International Center at the Ministry of Energy of Iran, Mojtaba Akbari, st...
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"I welcome Azerbaijan's efforts to accelerate the transition to green energy," Chairman of the 78th session of the UN General Assembly Dennis Francis said after a meeting with Azerbaijani Energy Minis...
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This year, construction of 5 more solar and wind power plants with a total capacity of 1300 MW will begin in Azerbaijan, Energy Minister Parviz Shahbazov stated on April 19 at the session of the UN Ge...
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Azerbaijan and the World Bank (WB) discussed cooperation within the framework of the SOR29, Chairman of the CBA Taleh Kazimov wrote on his account on the social network “X.”
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Kazakhstan will explore the possibility of building an oil pipeline along the bottom of the Caspian Sea, the Ministry of Energy of the country reported. Earlier, in July 2023, KazMunaiGas stated that...
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Over the past week, the average price of Azeri Light grade oil based on CIF contracts (includes sea transportation costs of oil from terminal to terminal, as well as insurance during the tanker's jour...









