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Weekly review of main events in Azerbaijan's energy market

Oil&Gas Materials 26 September 2022 09:08 (UTC +04:00)
Weekly review of main events in Azerbaijan's energy market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 26. Last week it became known that SOCAR AQS completed another drilling project in Kazakhstan, Trend reports.

The project was implemented for Kazakhstan’s Eureka Oleum exploration and production company.

Moreover, last week an agreement was signed on the swap of Russian gas to Iran through Azerbaijan.

According to the information, 15 million cubic meters of gas of will be supplied daily through Azerbaijan to Iran.

In addition, total capacity of the Interconnector Greece-Bulgaria (IGB) is expected to increase.

The total capacity of the Interconnector Greece-Bulgaria (IGB), which envisages transportation of Azerbaijani gas, may increase from the current 3 bcm/y to 5 bcm/y.

Furthermore, Bulgaria is expecting additional volumes of gas from Azerbaijan for the heating season.

Last week it became known that bp is planning to finish the construction of the new platform on Azeri-Chirag - Gunashli this year.

The construction of the Azeri Central East (ACE) platform is planned to be finished this year. This platform is one of the modern ones, which will be equipped with the latest technologies and will be able to work smoothly in all weather conditions.

The commercial evaluation is underway for bp’s solar power plant project in Azerbaijan’s Jabrayil district.

Azerbaijan also announced that it wants to double natural gas supplies to Europe within 5 years.

Moreover, Azerbaijan plans to export 1 billion cubic meters of gas to Greece in 2022.

Last week Azerbaijan and Romania discussed cooperation in the field of 'green' energy.

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