Energy - 2024
-
Our strategic partnership in the energy sector, including cooperation in the field of renewable energy and energy efficiency, is extremely important, Azerbaijani President Ilham Aliyev stated on July...
-
Transportation of trans-Caspian resources will contribute to the energy security of Europe, Vice President of Türkiye Cevdet Yilmaz stated on July 6 at the informal summit of the Organization of Tur...
-
Moody's International rating agency has confirmed the rating of senior unsecured ratings in foreign currency of Southern Gas Corridor CJSC (SGC) at Ba1 and changed the outlook from stable to positive....
-
In 2023, Azerbaijan’s net income from the sale of hydrocarbons amounted 14 billion 519 million manats (8 billion 540.6 million dollars), the report of the Accounting Chamber "Audit of the formation a...
-
In 2023, revenues (transit fees) from the transportation of oil and natural gas through the territory of Azerbaijan amounted to 0.9 million manats, the report “Audit of the formation and use of funds...
-
Nail Abdullayev has been appointed the new deputy general director of SOCAR's “Azerigaz” Production Association (PA) and will oversee the issues of software transformation. "Nail Abdullayev's work in...
-
The Cabinet of Ministers approved the "Rules on the electric grid". Azerbaijani Prime Minister Ali Asadov signed a corresponding decree.
-
The "Rules on the Electric grid" approved by the Cabinet of Ministers of Azerbaijan provide for the preparation a ten-year forecast of electricity demand in Azerbaijan and update it annually.
-
Oil and gas revenues of the budget of the Russian Federation in June 2024 increased by more than 40% year-on-year, and in the first half of the year - by 1.7 times.
-
The supply of Turkmen gas through Türkiye will contribute to the energy security of Europe, Turkish Vice President Cevdet Yilmaz believes. He noted the successful implementation of large-scale energy...
-
In June 2024, the number of operating oil and gas drilling rigs in the world increased by 32 units for the first time in the last four months, the data of the American company Baker Hughes, specializi...
-
On July 5, the French energy company “Engie” began construction of one of Europe's largest battery storage systems for electricity, which will be located in Belgium, follows from the company's press r...
-
Last week, the average price of Azeri Light crude oil based on CIF contracts increased by $1.84 (2.08 percent) compared to the previous week and amounted to $ 90.17 per barrel. The maximum price for t...












