SOCAR and BOTAS signed an agreement on transporting Turkmen gas to Turkey via Azerbaijan
17:18 05.06.2024 5049
The State Oil Company of Azerbaijan (SOCAR) and the Turkish company BOTAS signed a number of contracts for the supply, transportation and transit of natural gas, Azertag reports.
The signing ceremony was attended by the Minister of Economy of Azerbaijan, Chairman of the Supervisory Board of SOCAR Mikail Jabbarov and the Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar.
The agreements provide for the transportation of natural gas to Turkey through SOCAR and the delivery of Azerbaijani gas to Bulgaria through Turkey, cooperation in the field of gas supplies to Nakhchivan, as well as the transportation of Turkmen gas to Turkey through Azerbaijan and third countries.
An agreement was also signed between the Azerbaijan Gas Supply Company and BOTAS, providing for the continuation of gas transportation to Turkey from the Shah Deniz field.
Oil price breaks seven-year records on supply worries
Oil prices continue to rise on Wednesday, renewing the highs since 2014 due to the risks of supply disruptions from the Middle East, Interfax reports.
TEIF 2025 WILL OPENS NEW HORIZONS FOR ENERGY, INVESTMENT AND TECHNOLOGY COOPERATION
Kuala Lumpur, April 2025. Turkmenistan is entering a new level of economic diplomacy. The TEIF 2025 international forum, which will be held on 23–24 April at the state-of-the-art Kuala Lumpur Convention Centre (KLCC), promises to be the key event of the year in the field of energy, sustainable development and international cooperation.
Extraordinary meeting of the Halk Maslahaty of Milli Gengesh will be held on February 11
Extraordinary meeting of the Halk Maslahaty of the Milli Gengesh of Turkmenistan is scheduled to be held on February 11. This is provided for by the decree of President Gurbanguly Berdimuhamedov, who heads the People's Council – the upper house of the parliament of our country.
Ashgabat to host exhibition and conference on international trade and product quality
The Chamber of Commerce and Industry of Turkmenistan will host the exhibition and fair "International Trade and Services" and the International Conference "Ensuring Quality in Turkmenistan that Meets International Standards" from April 29 to May 1.
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).