Azerbaijan’s Ministry of Energy signed a series of agreements with Azerenergy and Saudi Arabia's ACWA Power to build a 240-MW wind power plant. Azerbaijan has an ambitious target to increase the share of RES to 30% by 2030.
Darius Šilenskis, CEO of KN, writes about the delayed results of the COVID-19 pandemic, including record low oil prices due to the extremely low demand for oil products and falling refining margins.
SOCAR will supervise the implementation of the oil production cut agreed within the OPEC+ in Azerbaijan, decreasing the country's oil production by 17.4 million barrels.
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