Energy - 2024
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Regular measures are being taken to enhance ties between Türkiye and the Nakhchivan Autonomous Republic (NAR). The commissioning of the Igdir-Nakhchivan gas pipeline will not only diversify gas suppli...
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The Hungarian company MVM Upstream Private Limited Company, a subsidiary of MVM Group, has opened a branch in Azerbaijan, the State Tax Service under the Ministry of Economy of Azerbaijan reported. Th...
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The Saudi Arabian company ACWA Power has founded a subsidiary in Azerbaijan called ACWA Power Technical Financial Services, the State Tax Service under the Ministry of Economy of Azerbaijan reported.
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The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with “Hassana” Investment Company to explore investment opportunities in Saudi Arabia.
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The Azerbaijani operational company COP29 and the "Green Energy" Power Plant LLC signed a Memorandum of Cooperation on October 29.
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Currently, 32 new power plants are under construction in Karabakh and Eastern Zangezur, Emil Ibadov, a representative of the "Green Energy" Power Plant LLC, stated at the signing ceremony of the Memor...
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Azerbaijan, Romania, and Hungary are working on the implementation of a mega-European project to lay a high-voltage power transmission line (PTL) under the Black Sea, Hungarian Prime Minister Viktor O...
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Ukraine and the European Union have agreed to increase the potential volume of electricity imports during the winter period to 2.1 GW, the country's Minister of Energy, Herman Halushchenko, reported.
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British BP Plc reduced its net profit by approximately 24 times in the third quarter, with adjusted profits down 31%. According to the press release, net profit for July-September 2024 amounted to $20...








