2024-06-05 17:45:04
Kazakhstan and Uzbekistan can be a part of the inexperienced vitality hall from Azerbaijan to Europe, and detailed negotiations are underway.
As Day.Az studies on Wednesday close to Pattern, Deputy Minister of Vitality of Azerbaijan Kamal Abbasov stated this throughout panel discussions inside the Baku Vitality Week.
In line with him, along with oil and gasoline provides to the European Union, Azerbaijan could quickly grow to be a provider of “inexperienced” vitality, and a feasibility examine is awaiting for a “inexperienced” vitality hall from Azerbaijan by way of Georgia, the Black Sea to Romania, Hungary and Bulgaria on the finish of 2024.
Such a steadiness will guarantee the steadiness of markets and high-quality growth.
Abbasov recalled that as a part of the diversification of vitality sources, the Southern Fuel Hall was constructed and put into operation in 2020, an necessary element of EU vitality safety.
“In the summertime of 2022, an settlement on a strategic vitality partnership was signed with the EU, and we proceed not solely gasoline cooperation with the EU,” Abbasov emphasised.
Confirmed gasoline reserves in Azerbaijan are greater than two trillion cubic meters and about one billion tons of oil.
The Deputy Minister talked about that in 2024 oil manufacturing might be on the stage of 2023 (about 30 million tons).
Fuel development is predicted, with 24.3 billion cubic meters (half of manufacturing) going for export. Of those, greater than 12 billion cubic meters are within the EU.
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