KASPIAN SEA

Within the framework of cooperation between SOCAR and "DeGolyer and MacNaughton", work on counting 27 fields according to SPE-PRMS classification in the Azerbaijani sector of the Caspian Sea has started, Trend reports.

According to the State Oil Company of Azerbaijan Republic (SOCAR), a meeting was held between SOCAR President Rovshan Najaf and Chairman and CEO of DeGolyer and MacNaughton John W. Wallace.

AzerTelecom and Kazakhtelecom leading telecommunication operators of Azerbaijan and Kazakhstan continue joint efforts in implementing the Trans-Caspian Fiber Optic cable line, which is one of the major components of mega Digital Silk Way project.

Azerbaijan has consistently shown its willingness to boost gas supplies and provide assistance to Europe during times of crisis. Through President Ilham Aliyev's well-defined energy strategy, the country has established itself as a dependable and trustworthy energy partner for Europe. The EU countries are progressively reinforcing their energy alliances with Azerbaijan and actively endorsing all related initiatives.

The Minister of Industry and Infrastructure Development of Kazakhstan, Marat Karabayev, introduced to the Minister of Transport and Digital Development of Azerbaijan, Rashad Nabiyev, the draft road map for the development of the Trans-Caspian International Transport Route (TITR), which is planned to be signed by its participants.

Kazakhstan and Azerbaijan are reviewing possibilities for launching oil transportation via the Baku-Supsa route, Almassadam Satkaliyev, Minister of Energy of Kazakhstan, told journalists on the sidelines of the government meeting, Trend reports.

The creation of a joint venture for the Middle Corridor is being discussed by the railway departments of Azerbaijan, Georgia, Kazakhstan and Türkiye, Trans-Caspian International Transport Route (TITR) Secretary General Gaidar Abdikerimov told Trend.

According to him, work on the creation of a joint venture is in progress, and intensive negotiations are underway between the participating countries of this initiative.

Bulgaria is interested in the Green Corridor Project, which involves the transportation of green energy from the Caspian Sea (Azerbaijan) through the Black Sea (Georgia) to Europe, the Ministry of Energy of Azerbaijan told Trend.

KazTransOil, the national oil transporter of Kazakhstan, shipped 9,959 tons of oil from the Tengiz oil field to Azerbaijan, Trend reports, citing KazTransOil.

Oil was sent to Baku by the “President Heydar Aliyev” oil tanker from Kazakhstan's port of Aktau. Upon reaching Azerbaijan, the natural resource export will continue via the Baku-Tbilisi-Ceyhan pipeline.

Azerbaijan's offshore wind resources in the Caspian are large enough to export green electricity, as well as clean hydrogen, and article in The Telegraph said, Trend reports.

As the author of the article said, Azerbaijan is a relatively small country, however, vast offshore wind capacities in the country's Caspian Sea sector open major opportunities.

Kazakhstan continues the work on laying a fiber-optic communication line (FOCL) along the bottom of the Caspian Sea, which will link Azerbaijan and Kazakhstan, Kuanyshbek Yessekeyev, Chairman of the Board of Kazakhtelecom, said, Trend reports, citing the press service of the President.

The statement was made during the meeting between Kuanyshbek Yessekeyev and Kassym-Jomart Tokayev, the President of Kazakhstan.