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Tag Archives: energy

Azerbaijan’s Role in Georgia’s Energy Security

Azerbaijan’s Role in Georgia’s Energy Security

Discussion about availability of deteriorating partnership relations between Azerbaijan and Georgia arose after Georgia conducted negotiations with Russian state company Gazprom over growth in gas transit volumes. These countries have passed a long way of partnership political relations. Naturally, Azerbaijan, as our neighboring country, is one of the main important …

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Kaladze: it is Time for Revolutionary Adjustment in our Country’s Energy

Kaladze: it is Time for Revolutionary Adjustment in our Country’s Energy

Headwall Power  International will finish research of solar energy potential in Georgia within a year. The corresponding memorandum was signed between American company and Energy Ministry on Wednesday. According to the memorandum, Headwall Power  International will carry feasibility study  jointly with partner “Solar Energy Company” in Gardabani municipality, Gardabani city …

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Int’l Caspian Oil&Gas Expo Scheduled for June

Int'l Caspian Oil&Gas Expo Scheduled for June

Caspian Oil&Gas 2016, the 23rd international exhibition and conference, the largest energy sector event in the Caspian region, will take place from 1-4 June 2016 at Baku Expo Center. As a recognised international platform and the key event in the region’s oil and gas industry, the exhibition and conference has …

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Turkey Ratifies Energy Agreement With Georgia

Turkey Ratifies Energy Agreement With Georgia

Turkey’s President Recep Tayyip Erdogan has ratified the agreement with Georgia on cooperation in energy sphere, ‘Resmi Gazete’ online newspaper reported. The two countries signed the agreement on cooperation in energy sphere on Apr.9 of 2015. Georgian State Electrosystem (GSE) has started to carry out the functions of a transit corridor …

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Two Reasons for Moscow to Resume South Stream Project

Two Reasons for Moscow to Resume South Stream Project

Despite the fact that the European Union is ready to resume talks with Russia over the South Stream gas pipeline, the project should fully comply with the rules of the Third Energy Package, independent European Researcher Andreas Marazis believes. Meanwhile Russia’s unwillingness to meet its requirements was the reason why …

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SOCAR’s New Service Center Opened in Tbilisi

Kaladze Socar

The President of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev attended the opening of a new service center of SOCAR Georgia Petroleum in Tbilisi, said SOCAR’s message. The service center was opened in the Vake district – center of Tbilisi. The modern interior design is intended to create the most …

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SOFAZ Reveals Revenues, Expenditures in 2015

SOFAZ Reveals Revenues, Expenditures in 2015

Azerbaijan’s state oil fund SOFAZ, which accumulates and manages the energy-rich country’s oil and gas revenues, has revealed its revenues and expenditures for the period of January-December 2015. The Fund reported on March 1 that during the reported period, its budget revenues exceeded 7.721 billion manats ($4.898 billion), while budget …

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SOCAR Launches New Oil Well

Azerbaijan’s energy giant SOCAR will produce nearly 11,000 tons of oil and over 5.8 million cubic meters of gas annually by putting into operation a new well on Oil Rocks offshore field, SOCAR said. Oil is extracted from the well bore within the range of 2557-2565 meters, the company said. …

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Azerbaijan, Iran to Deepen Energy Cooperation

Azerbaijan, Iran to Deepen Energy Cooperation

Azerbaijan and Iran with their huge energy prospects have recently intensified all-out cooperation in the energy sector. The two countries, eyeing a milestone in this sector, achieved a breakthrough after co-chairs of the Azerbaijan-Iran intergovernmental commission – Azerbaijan’s Economy and Industry Minister Shahin Mustafayev and Iranian Minister of Communications and …

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