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Tag: Azerbaijan

Azerbaijan, Iran Discuss Construction of Hydroelectric Power Plant in Occupied Territories

The Government of the Republic of Azerbaijan and the Government of the Islamic Republic of Iran are working on cooperation in the field of electricity….

Azerbaijan Plans to Upgrade Cooling Systems of Thermal Power Plants for Economical Water Consumption

The Ministry of Energy of Azerbaijan, together with Azerenerji JSC, will prepare proposals for the efficient use of water for cooling power plants by 2021….

Government Assures Quarantine Had Almost No Effect on Fuel Consumption in Azerbaijan

Following the results of January-June 2020, fuel (gasoline and diesel fuel) was sold to consumers in Azerbaijan through the retail network for a total of…

Azerbaijan Increased Gas Exports to Turkey by 15% in 2018

Azerbaijan exported 7,521.15 million cubic meters (mcm) of gas from the Shah Deniz field to Turkey in 2018, which is 14.9% higher than in 2017,…

In 2018, 11.2 Bcm of Gas Supplied to Domestic Market of Azerbaijan

In 2018, SOCAR allocated 11 billion 216 million cubic meters to meet the domestic needs of Azerbaijan for natural gas. According to SOCAR, last year…

Azerbaijan to Reduce Oil Production by 20,000 Barrels per Day

Azerbaijan will reduce oil production by 20,000 barrels per day relative to the figure for October 2018 – to 763,000 barrels, the Ministry of Energy…

Ilham Aliyev meets Turkmen foreign minister

 Azerbaijan and Turkmenistan develop cooperation   President of the Republic of Azerbaijan Ilham Aliyev has today received deputy chairman of the Cabinet of Ministers, Minister…

Azerbaijan’s energy minister Natig Aliyev dies

Azerbaijani Energy Minister Natig Aliyev, who had been receiving treatment in Istanbul Florence Nightingale Hospital, died, General Consulate of Azerbaijan in Istanbul told APA-Economics. Azerbaijani…

SOCAR Pending Opening of New Large Gas Field

In case of discovering commercially attractive gas volumes, production at the deep-water block Shafag-Asiman in the Azerbaijani sector of the Caspian Sea may begin in…

Increase in Oil Prices to Accelerate Economic Growth in Azerbaijan-Moody`s

Higher oil prices will accelerate the economic recovery of Azerbaijan, analyst, Junior Vice-President of the rating agency Moody’s Peter Paklin said. “According to our estimates,…

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