Energy - 2024
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Slovak President Peter Pellegrini will visit Azerbaijan in the coming days, the head of state announced this during a conversation with journalists on October 24, according to Slovak media.
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As of September 30, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) have increased by 9.4% compared to the beginning of 2024. According to SOFAZ's report, the Fund's assets reached $61.7...
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The European Bank for Reconstruction and Development (EBRD) plans to invest approximately $200 million in the "Khizi-Abseron" wind power project, Javid Abdullayev, director of the State Agency for Ren...
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The commissioning of the "Khizi-Abseron" wind power station is planned for the fourth quarter of 2025, Javid Abdullayev, director of the State Agency for Renewable Energy Sources, informed journalists...
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In Georgia, the largest private investments have been directed towards the implementation of an oil refinery in Kulevi, according to the country's Prime Minister Irakli Kobakhidze.
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Russia boosted its natural gas production by 10.3% in January to September 2024 compared to the same period in 2023, reaching 420 bcm, according to “Rosstat”.
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Kazakhstan is focused on forming reliable partnerships within BRICS+ to enhance its energy security, President Kassym-Jomart Tokayev said at the plenary session of the XVI BRICS summit in Kazan.
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Kazakhstan's state oil company “KazMunayGas” announced that China's CNOOC International has signed an agreement in Astana to establish a joint venture for the exploration of the Zhylioy block, which b...
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Turkmenistan plans to boost its natural gas supplies to Uzbekistan, Batyr Amanov, Deputy Chairman of the Cabinet of Ministers of Turkmenistan, said at a plenary session at the international conference...
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Iran's President Masoud Pezeshkian proposed at the BRICS summit to create a new transit network for trading energy resources among member countries. "Iran, due to its strategic location, serves as a t...
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American oilfield services company Baker Hughes Co. nearly doubled its net profit in the third quarter, although revenue growth was only 4% and fell short of analysts' expectations.
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The European Union is unlikely to reduce its reliance on Russian gas, jeopardizing the bloc's plans to phase out fuel imports from Russia by 2027, according to a report by Bloomberg.
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Norway's Government Pension Fund, also known as the Oil Fund, has shown impressive results in the third quarter of 2024, reporting a profit of 835 billion kroner ($76 billion).












