Tag: Energy

“SOCAR Turkey Energy” and “Azertelecom” establish joint venture in Turkey 

[ad_1] The Turkish Competition Authority has confirmed the establishment of a joint venture by SOCAR Turkey Energy and Azertelecom, Report informs, citing foreign media. The new company will operate in the telecommunication sector under the name of “Transanatolian Fiber Taf Telekomünikasyon Hizmetleri AŞ.” [ad_2] https://report.az/en/ict/socar-turkey-energy-and-azertelecom-establish-joint-venture-in-turkey/

SOCAR preparing Road Map on alternative energy 

[ad_1] While shifting to alternative energy, SOCAR will compile the Road Map according to the government’s priorities and mandate, said the Annual Report on Sustainable Development” for 2020 issued by SOCAR. According to the document, first of all, a responsible division or special organizational approach will be determined in the structure of SOCAR. Then a… Continue reading SOCAR preparing Road Map on alternative energy 

SOCAR, Swiss energy companies mark new milestone in green hydrogen

[ad_1] Alpiq, EW Höfe, and SOCAR Energy Switzerland are planning to build an electrolysis plant with a capacity of up to 10 MW in Freienbach (SZ), Report informs referring to the companies’ joint statement. The commissioning of the plant is scheduled to start at the end of 2022, and, when completed, it will produce an… Continue reading SOCAR, Swiss energy companies mark new milestone in green hydrogen

Delegation of Azerbaijani Energy Ministry visits Turkmenistan

[ad_1] On July 28, a delegation led by the Azerbaijani Energy Minister Parviz Shahbazov paid a visit to Turkmenistan within the framework of the third meeting of the Joint Working Group established to prepare and verify a draft Intergovernmental Agreement regulating cooperation between the parties on joint exploration, development, exploitation of the hydrocarbon resources of… Continue reading Delegation of Azerbaijani Energy Ministry visits Turkmenistan

President: Azerbaijan is reliable supplier of energy resources to Europe

[ad_1] “Already for 15 years, Azerbaijan is a reliable crude oil supplier to European consumers, and now as a gas supplier, our potential, of course, will grow,” President of Azerbaijan Ilham Aliyev said at a joint press conference with President of the European Council Charles Michel in Baku, Report informs. Aliyev noted that this would… Continue reading President: Azerbaijan is reliable supplier of energy resources to Europe

SOCAR New Energy sign term contracts with Ukrainian gas traders

[ad_1] SOCAR New Energy, an exclusive supplier of Rosneft’s oil products to Ukraine, has signed TERM contracts on the supply of autogas with Ukrainian traders of liquefied hydrocarbon gas, Report informs, citing enkorr. SOCAR New Energy intends to supply 37,000 tonnes of liquefied hydrocarbon gas to Ukraine monthly and sold the entire volume in the… Continue reading SOCAR New Energy sign term contracts with Ukrainian gas traders

Emirati company may join green energy projects in Karabakh

[ad_1] ‘We believe that Azerbaijan is a very strategic market for us, General Manager at Abu Dhabi Future Energy Company (Masdar) Husain Al Meer told reporters at a press conference within the training program Greentech Summer Camp 2021 held in Baku. Al Meer noted that Masdar will participate in renewable energy projects in the liberated… Continue reading Emirati company may join green energy projects in Karabakh

European Commissioner: Azerbaijan plays vital role in EU’s energy supplies

[ad_1] European Commissioner for Neighborhood and Enlargement Oliver Varhelyi on Thursday told reporters that during the visit to Baku, his delegation discussed the partnership with Azerbaijan in the energy sector, Report informs. Varhelyi noted that Azerbaijan plays a vital role in the European Union’s energy supply and diversification of the supplies. He stressed that the… Continue reading European Commissioner: Azerbaijan plays vital role in EU’s energy supplies

Oil prices could ‘very easily’ top $100, says former US energy secretary

[ad_1] Oil prices could “very easily” hit $100 a barrel in the aftermath of the failed OPEC+ talks, former US Energy Secretary Dan Brouillette told CNBC, Report informs. “You could very easily see oil hitting $100 a barrel — potentially even higher,” he said. On the flip side, it’s “equally possible” that prices could collapse… Continue reading Oil prices could ‘very easily’ top $100, says former US energy secretary