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Tag Archives: economy

bp pioneers use of drones in its operations in Caspian Sea

Caspian Sea

bp has started to use cutting-edge drone technology to carry out tank inspections on its assets in the Caspian Sea, Azernews reports. For the first time, the company has utilised the Elios 3 drone to conduct an empty tank inspection on the Shah Deniz Alpha platform. This is a groundbreaking move towards …

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Azerbaijan, ADB discuss development of Green Energy partnership

Green Energy

Azerbaijani Energy Minister Parviz Shahbazov received the delegation of the Asian Development Bank, led by Yevgeny Zhukov, Director General of the Central and Western Asia Regional Department of the Bank, Azernews reports, citing the Ministry. According to information, at the meeting, satisfaction was expressed with the development of long-term mutually beneficial cooperation …

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Azerbaijani agency reports enormous revenue

economy

The Intellectual Property Agency earned 1,902,473 manats ($ 1119101.76) in revenue last year, Azernews reports, citing the agency’s report for the year 2023. It was noted that during the reporting year, the state budget received 224 thousand manats ($131764.70) in state fees due to the agency’s provision of services stipulated in the …

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Azerbaijan Energy Ministry holds regular board meeting

economy

The regular board meeting was held under the chairmanship of Azerbaijan Energy Minister Parviz Shahbazov, with the participation of board members, representatives of structural units of the ministry, and subordinate institutions, Azernews reports. The Ministry informed that the chairman made a speech and said that important measures for the future development of …

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SOCAR, BP to cooperate to reduce methane emissions

SOCAR, BP

On December 15, the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan announced a joint initiative to reduce methane emissions in Azerbaijan. The collaboration is part of the Advancing Global Methane Reduction (AGMR) initiative, which is part of the Methane Guiding Principles (MGP), Azernews reports. The initiative focuses on instigating methane …

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EBRD is ready to support Azerbaijan in organizing COP29

Mikayil Jabbarov

The European Bank for Reconstruction and Development (EBRD) is ready to support Azerbaijan in organizing COP29, Azernews reports, citing EBRD’s First Vice President Jürgen Rigterink telling at the meeting with Azerbaijan’s Economy Minister Mikayil Jabbarov in the United Kingdom. The minister expressed his gratitude to the EBRD for its longstanding and continuous …

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