AGP Executive Report
Last update: 8 minutes agoClean-energy corridor: Azerbaijan, Türkiye, Georgia and Bulgaria signed a pact to develop cross-border electricity trade, linking Azerbaijani renewable power with Turkish and European markets. SOCAR investments: The company plans a $120 million jet-fuel unit at Türkiye’s STAR refinery, adding capacity for 600,000 tonnes of diesel a year; its total Turkish investments are expected to reach about $20 billion. SOCAR also signed a strategic cooperation agreement with China’s Sinopec. Green energy: Azerbaijan promoted low-carbon hydrogen at COP31 and highlighted 157 GW of offshore wind potential. Economic outlook: Azerbaijan’s current account is forecast to remain in surplus through 2031, while oil traded above $100 a barrel. Karabakh industry: Sales at Aghdam’s industrial facilities reached AZN 2.96 billion, and investment in Karabakh industrial parks topped $132 million.
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