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“The Russian Academy of Sciences in Moscow showcased innovative solutions to protect homes and habitats in the Caspian Sea.
STRING provides for the supply of additional volumes of natural gas to the EU from the Caspian Sea through the Southern Gas Corridor and the use of the existing transport infrastructure of Bulgaria, Romania, Hungary and Slovakia.
During the meeting, the parties continued to discuss the methodology of drawing straight exit lines in the Caspian Sea. An overview of cooperation in the Caspian Sea was also held at the meeting.
The company notes that the commissioning of ACE, which is the first remotely operated offshore platform in the Caspian Sea, was one of BP’s strategic achievements this year. BP’s capital expenditure in the first quarter was $4.278 billion.
Azerbaijan’s Milli Majlis adopted a new bill on the creation of artificial land areas in the Caspian Sea, Report informs.
In the first four months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $1,798.6 million from the Azeri-Chirag-Gunashli (ACG) block of fields, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.
Recently, a banking delegation headed by Chairman of the Central Bank of Azerbaijan, Taleh Kazimov, has completed its historic visit to the US
Obtaining the "Friend of the Sea" certificate allows drawing the attention of the global community to the unique natural resources and richness of the Caspian Sea, as well as confirming the growth of environmental awareness in the country.
The Governor of the Astrakhan Region expressed gratitude for the Azerbaijani government's support of the motorcycle rally they organized under the slogan "Caspian - Sea of Friendship," which spanned the Caspian littoral countries and symbolized friendship.
So I think there's a potential for export of green energy from this green corridor from Uzbekistan to Azerbaijan and further to European Union through Kazakhstan and Caspian sea, if or when that cable for the Black Sea is designed and implemented. That's just one example.