News

In February, daily oil production in Azerbaijan amounted to 806,000 barrels, including 722,000 barrels crude oil and 84,000 barrels condensate. Daily export of crude oil constituted 572.9 thousand barrels, while export of condensate and oil products accounted for 84 thousand and 18 thousand barrels respectively.

A Working Group meeting was held to discuss the proposals submitted by the experts of the European Bank for Reconstruction and Development (EBRD) within the project on support of the operation of the Energy Regulatory Agency of the Republic of Azerbaijan and take measures for regular improvement of legal acts and other documents.

The Minister of Energy Parviz Shahbazov met with Tony MacDonald, the Executive Director of Asian Development Bank.

The Energy Regulatory Agency and the Ernst & Young organized a workshop on "Energy Market Reform" and "Power Purchase Agreements". Best practices of the European Union countries were presented in the workshop.

The Ministry of Energy hosted a meeting with the delegation led by Suma Chakrabarti, the President of the European Bank for Reconstruction and Development (EBRD).

A meeting with the Chairperson of the Italian delegation to the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE PA), Deputy Chairman of the Foreign Affairs Committee at the Chamber of Deputies of the Italian Parliament Paolo Grimoldi was held at the Ministry of Energy.

The average interruption duration of electricity supply to the customer in the capital city Baku during 2018 was 0.86 hours (based on SAIDI indicator).

The Minister of Energy Parviz Shahbazov received the delegation led by Ibrahim bin Abdulrahman Al-Omar, the Head of Saudi Arabia's General Investment Authority, co-chair of Saudi Arabia-Azerbaijan Intergovernmental Commission.

The next round table on cooperation between the public-private partnership in the development of renewable energy legislation, organized by the Ministry of Energy, was held with the participation of relevant government agencies, international organizations and financial institutions.

At the Ministry of Energy, the Working Group held a meeting to discuss the issues of monitoring and evaluation of measures the implementation of which is implied by the “Strategic Road Map on Development of Utilities (electricity and thermal energy, water and gas) in the Republic of Azerbaijan” during the 2018-2019 period.