LUKOIL shows interest in Azerbaijan's alternative energy
LUKOIL cooperates with Azerbaijan not only in the field of oil and gas, but also in the field of alternative energy, Azerbaijani Minister of Energy Parviz Shahbazov said on the sidelines of the Russian Energy Week forum.
He recalled that cooperation with LUKOIL has lasted for a long time, and close joint work is underway.
"LUKOIL is showing interest not only in oil and gas fields, but also in alternative energy," TASS cited the Azerbaijani Minister of Energy as saying.
Earlier LUKOIL signed an agreement to acquire an additional 15.5% interest in the Shah Deniz project in the Azerbaijan sector of the Caspian Sea for around $2.25bn om Malaysian Petronas. The completion is subject to fulfilment of conditions precedent, including approval by SOCAR, the State Oil Company of the Azerbaijan Republic. As a result, LUKOIL's interest in the project will increase from 10% to 25.5%.
Preparations underway in Türkiye for Putin's post-election visit
18 March 2024 / 12:41
French weapons cannot change the balance of power between Armenia and Azerbaijan in a short term
18 March 2024 / 11:32
Armenia FM: Ultimate goal not materialized yet in relations with Turkey
15 March 2024 / 14:58
Armenia declares its will to join EU
14 March 2024 / 14:01
Pashinyan hails European Parliament resolution
14 March 2024 / 13:25
Erdogan: new era to begin after signing Baku-Yerevan peace deal
13 March 2024 / 15:35
Georgia urges to resume oil flows via Baku-Supsa pipeline
13 March 2024 / 15:24
Pashinyan: Armenian-Azeri border delimitation may begin from Tavush
12 March 2024 / 13:05
Kazakh President arrives in Baku
11 March 2024 / 14:28
Moscow calls out Yerevan
07 March 2024 / 12:45
Man pours gasoline on himself, wanted to set himself on fire outside Armenia government building
07 March 2024 / 12:28
France envoy: We disagree with Iran on many issues but we agree on Armenia issue
06 March 2024 / 14:32
Armenia defense minister travels to Iran
06 March 2024 / 14:14
Gevorg Papoyan is appointed Armenia economy minister
05 March 2024 / 11:45
Kremlin: Putin has no plans for contacts with Pashinyan yet
04 March 2024 / 13:09