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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Revenue obtained by the Oil Fund from “Shah Deniz” decreases
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has earned $78.5 million from the Shah Deniz field (gas and condensate) since the beginning of the current year until April 1, Azernews reports. According to information released by the State Oil Fund of the Republic of Azerbaijan, revenues from the Shah …
Read More »Azerbaijani agency reports enormous revenue
The Intellectual Property Agency earned 1,902,473 manats ($ 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 …
Read More »International Robotex competition to be held in Azerbaijan for first time
The world’s largest robot competition, International Robotex, will be held in Azerbaijan for the first time, organised by the Global Olympic Centre and supported by the European Union, Azernews reports. Everyone, from preschoolers to students studying in higher schools, will be able to demonstrate their knowledge and skills in this competition. …
Read More »Azerbaijan Energy Ministry holds regular board meeting
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 …
Read More »Holding COP29 in Baku foreshadows Azerbaijan’s successful foreign policy
The UN Climate Change Conference is today the highest negotiating body for implementing the provisions of the UN Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol (KP) and the Paris Agreement (PA). These events started in 1995 and were initially small working sessions. Over time, they have become one …
Read More »SOCAR, BP to cooperate to reduce methane emissions
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 …
Read More »EBRD is ready to support Azerbaijan in organizing COP29
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 …
Read More »Azerbaijan presents green energy concept at COP 28
Being one of the main factors affecting surroundings, humankind has tried to adapt the environment according to its needs throughout history. Even in pre-historic times, as humankind spread from Africa to other continents, many local animals and even plants started to go extinct in places where humankind stepped upon them. …
Read More »Baku-Tbilisi-Kars railway to be fully operational next year
The Baku-Tbilisi-Kars railway line is planned to be put into full operation next year, Azernews reports, citing Georgian Vice Prime Minister, Economy, and Sustainable Development Minister Levan Davitashvili. He emphasised that the Trans-Caspian Transport Corridor is an integral part of the Trans-Caspian Transport Corridor and that effective cooperation is being carried out …
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