Energy - 2024
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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).
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Yesterday morning, a fire occurred yesterday morning at the Oil Refinery named after Heydar Aliyev, operated by the State Oil Company of Azerbaijan (SOCAR), the Ministry of Emergency Situations of Aze...
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SOCAR plans to deploy 100 high-speed battery charging stations in Switzerland by 2026, the State Oil Company of Azerbaijan's sustainable development report for 2023 by the. Currently, the company ope...
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Azerbaijan and China Energy International Group will create a working group, Azerbaijan's Minister of Energy, Parviz Shahbazov, announced on his social media page.
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Gas supply will be temporarily halted in certain areas of Baku today, Azerigaz, the gas distribution structure of the State Oil Company of Azerbaijan reported. Due to maintenance work, gas supply will...















