The Ministry of Energy of the Republic of Azerbaijan and bp signed an Implementation Agreement on cooperation in the evaluation and implementation of a project to build a 240MW solar power plant in the Zangilan/Jabrayil region today. The signing of the document serves the establishment of a “green energy” zone in the liberated territories and… Continue reading Ministry of Energy starts cooperation with bp on a 240MW solar energy project in the Zangilan/Jabrayil region
Category: Energy
Azerbaijani oil price exceeds $70
The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $0.9 or 1.29%. “QİA.az” informs that the price of Azeri Light oil currently makes $70.57 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
Japanese company to create ‘green energy’ zone in liberated areas
An agreement was signed between the Ministry of Energy and the Japanese company TEPSCO to fulfill the tasks set by the President of the Republic of Azerbaijan Ilham Aliyev at the meeting on the socio-economic results of 2020 to establish a ‘green energy’ zone in the liberated territories, “QİA.az” informs, referring to the Ministry. The… Continue reading Japanese company to create ‘green energy’ zone in liberated areas
Memorandum of Understanding on energy cooperation was signed between Azerbaijan and Indonesia
Memorandum of Understanding on energy cooperation was signed between the Ministry of Energy of the Republic of Azerbaijan and the Ministry of Energy and Mineral Resources of the Republic of Indonesia.Speaking about the role of energy cooperation in the development of bilateral relations between Azerbaijan and Indonesia, Energy Minister Parviz Shahbazov noted that the State… Continue reading Memorandum of Understanding on energy cooperation was signed between Azerbaijan and Indonesia
Azerbaijani oil prices up
The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $0.16 or 0.25%. “QİA.az” informs that the price of Azeri Light oil currently makes $65.32 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008
Georgia increases imports of gas and oil products from Azerbaijan
In the first quarter of 2021, Georgia imported 685,000 cubic meters of natural gas from Azerbaijan for $76.7 million, “QİA.az” informs, citing the National Statistics Office of Georgia (GeoStat). The volume of the import is 2.6% more than in the same period last year. From January through March, the Caucasus country also imported 43,000 tons of petroleum and oils from Azerbaijan for $20.1 million, which… Continue reading Georgia increases imports of gas and oil products from Azerbaijan
Azerbaijan’s natural gas production rises
In January-March this year, Azerbaijan produced 8.753 million tons of oil, down 5.9% from the previous year. In the reporting period, the gas production across the country made up 10.398 billion cubic meters, which is 4.1% higher than a year earlier. QİA.az
The Ministry of Energy signed a Memorandum of Understanding with the International Finance Corporation (IFC) on cooperation in the field of offshore wind energy
A Memorandum of Understanding was signed between the Ministry of Energy and IFC, a member of the World Bank Group, on cooperation in the use of offshore wind energy resources in order to develop the renewable energy sector in Azerbaijan. The memorandum was signed in the context of the common goals of the Ministry of… Continue reading The Ministry of Energy signed a Memorandum of Understanding with the International Finance Corporation (IFC) on cooperation in the field of offshore wind energy
Agreements on solar power plant project with capacity of 230 MW were signed with Masdar
Investment agreement, Power Purchase agreement and Transmission Connection agreement were signed on 230 MW solar power plant between the Ministry of Energy, Azerenergy OJSC and Masdar of the United Arab Emirates. The agreements were signed by Energy Minister of Azerbaijan Parviz Shahbazov, President of Azerenergy Baba Rzayev and Chief Executive Officer of Masdar Mohamed Jameel… Continue reading Agreements on solar power plant project with capacity of 230 MW were signed with Masdar
Azeri Light oil price nears $67
Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, has risen by $0.21 (0.32%), settling at $66.98 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.