Bujar Osmani: We believe that peace will be ensured between Azerbaijan and Armenia

‘Peace must be ensured between Armenia and Azerbaijan within short span of time. We seek to ensure peace-based cooperation in the region,’ Minister of Foreign Affairs of the Republic of North Macedonia, OSCE Chairman-in-Office Bujar Osmani told a joint press conference with his Azerbaijani counterpart Jeyhun Bayramov. Bujar Osmani underlined that the OSCE plays an important role in the region and its major goal is to establish international security and contribute to stability in a number of regions. ‘We believe that peace will be ensured between Azerbaijan and Armenia,’ he said. The OSCE chairman-in-office said bilateral relations are developing positively and that business contacts with Azerbaijan would be strengthened.

Source: AZERTAC, Azerbaijan State News Agency

Azerbaijani oil prices see a decrease

The price of Azeri Light (CIF) crude oil has decreased on the world market, APA-Economics reports.

The price of a barrel of Azerbaijani oil has decreased by USD 0,47 or 0,53% to stand at USD 88,44. Compared to the indicator of 2021, “Azeri Light” (CIF) oil increased in price by 44.6% last year.

Note that the average price of a barrel of Azeri Light brand oil was 103,58 US dollars in 2022.

During 2022, the highest price of Azeri Light (CIF) brand oil was 135,99 US dollars per barrel on March 8, and the lowest price was recorded at 78,07 US dollars on December 8.

Source: Azeri-Press News Agency (APNA)

Azerbaijan initiates criminal case over next military provocation of Armenia

“Criminal case was initiated regarding the next military provocation of Armenia,” Aliyev Firad, Senior assistant to the military prosecutor – head of the Press Service of the Military Prosecutor’s Office of the Republic of Azerbaijan, senior justice counselor told APA.

A criminal case under Article 120.2.12 of the Criminal Code of the Republic of Azerbaijan (intentional murder with the intention of national, racial, religious enmity or enmity) and other articles has been initiated in connection with the known incidents that occurred during the next provocation by the Armenian side on 11.04.2023 and immediate and necessary investigative actions have been carried out.

Currently, the investigation is underway, and in accordance with the requirements of the legislation, the execution of all measures will be ensured.

We as God’s mercy for our martyrs and extend our condolences to their relatives of them with deep regret.

Source: Azeri-Press News Agency (APNA)

Major players of energy sector to turn up during Baku Energy Week

Azerbaijan is hosting Baku Energy Week, the Caspian region’s most prestigious in the field of energy between 31 May and 3 June. The 28th International Caspian Oil and Gas Exhibition (Caspian Oil and Gas), 11th Caspian International Power and Green Energy Exhibition (Caspian Power) and the 28th Baku Energy Forum will be held in the framework of the Baku Energy Week. Baku Energy Week’s events will bring together companies from the Azerbaijan, Belarus, Canada, China, Finland, France, Georgia, Germany, Israel, Italy, Japan, Kazakhstan, Kuwait, Monaco, the Netherlands, Norway, Romania, Russian Federation, Saudi Arabia, Serbia, Singapore, Spain, Switzerland, Thailand, Trkiye, UAE, UK, Ukraine, USA and Uzbekistan. Caspian Oil and Gas and Caspian Power are taking place at the Baku Expo Center, while the Baku Energy Forum is hosted by the Baku Convention Center, built in an ecological concept. It was Heydar Aliyev, the National Leader of Azerbaijani nation, the founder of the independent Azerbaijani state and an outstanding politician and statesman, who pioneered an idea of organising international exhibitions on Azerbaijan’s soil. He heavily backed those events yet back in 1994, when they were hold in our country for the very first time. This year, we celebrate the 100th jubilee of National Leader Heydar Aliyev and President Ilham Aliyev of Azerbaijan has signed a decree, declaring that the year 2023 shall be celebrated as “Year of Heydar Aliyev” in our country. This significant occasion will be reflected in programs of all the exhibitions on the schedule. “Caspian Oil and Gas” exhibition has become a platform for significant cooperation in the oil, gas and energy sector for 27 years. Azerbaijani President Ilham Aliyev’s annual participation at the opening ceremony of the exhibition is yet another proof of its high status. It has been many years that heads of states, namely the USA, UK, Trkiye etc have issued their welcome addresses on the occasion of this event. Traditionally, Baku Energy Week is attended by high-ranking guests. It is not a coincidence that companies from different countries of the world are gathering in Baku; it has been a long time that Azerbaijan’s capital has become a place of choice when it comes to holding a significant event and discussing crucial decisions and cooperation matters. Besides, Azerbaijan has achieved quite a big success through its energy policy: the republic is playing a crucial role in providing not only its own energy security, but also the energy security of other countries. The exhibition will feature discussions of Caspian region-wide petroleum projects and regional energy security issues. The main topics of the exhibition include oilandgas field development, oilandgas production and transportation, pipeline safety systems, refining and gas processing, construction and installation operations in the energy sector, innovative technologies, financial and legal services, chemical industry etc. The Caspian International Power and Green Energy Exhibition is going to take place in parallel to the Caspian Oil and Gas. Its program encompasses innovations and respective offers from both international and local companies in the fields of power industry and renewable energy development and utilization. Discussed as part of the event will be such issues as solar, wind, geothermal, thermal and nuclear power, machine-building and power equipment, electric vehicles, energy and resource-saving technology etc. A number of events will be held within the framework of the exhibition. The spring exhibition season will be concluded with the Baku Energy Forum. This event will host the discussion of energy matters of importance for both Azerbaijan and the broader Caspian region. With over 600 attendees, the discussion will revolve around such topics as new challenges in the transition period, including global energy security and the role of Azerbaijan’s energy sector in the European energy security and balance and etc. The round table dedicated to scenarios of the new energy order will be reviewing the following topics: the global energy transition process, ways to facilitate it in conditions of energy crisis etc. Also, the focus will be on Caspian renewable energy sources and their potential, possibilities of use, development of renewable energy infrastructure, and delivery of green energy projects. Another important discussion topic at the Baku Energy Forum will be net zero emission, Zero Waste program, which aims at precluding waste generation. This very principle will be implemented at the forum for the first time: printed materials will be replaced with electronic media as much as possible, with the foodstuff optimal use principle implemented under the international Zero Food Waste initiative. The Baku Convention Center, where the event will be held, was built in an ecological concept. Centrally installed solar panels save on energy usage costs. A special session is expected to be held in the city of Nakhchivan, Azerbaijan, as part of this year’s Baku Energy Week. Planning a special session in Nakhchivan is not accidental. The session will highlight the significance of this town as part of “Heydar Aliyev Year” celebrations. In addition, it is planned to turn Nakhchivan into a green energy zone at the state level. President of the country Ilham Aliyev recently said that there is great potential for the construction of a hydroelectric power plant in Nakhchivan, and some steps are expected to be taken in connection with the construction of a solar power plant. Furthermore, the panel sessions held there will be complemented by a cultural program. The Baku Energy Week s traditionally held with the support of the Ministry of Energy and the State Oil Company of Azerbaijan Republic (SOCAR). The General sponsor of the event is SOCAR, while the sponsors include the renowned companies like Abu Dhabi Port, ACWA Power, Ansaldo Energia, AZEL SYSTEMS, Azeri M-I Drilling Fluids, AZFEN, Baku Steel Company, bp, Caspian Drilling Company, Caspian Marine Services, Equinor, EP Absheron, Global Energy Azerbaijan, GL, Inpex, KOLIN Construction, MASDAR, Tekfen, TotalEnergies, Turkish Petroleum, Uniper, Ural Steel. Boston Consulting Group is the intellectual partner of the Baku Energy Forum. Improtex Motors, representing the BMW brand, will present a new electric car model at the forum. The event is organised by Iteca Caspian and its international partners – CEM FZ LLC, ICA Events.

Source: AZERTAC, Azerbaijan State News Agency

EIA revises its forecast for oil price in 2023-2024

The U.S. Energy Information Administration (EIA) has revised its forecast for the 2023 Brent crude oil price by 2.5 percent in its April Short-Term Energy Outlook (STEO), APA-Economics reports citing greentechlead.

EIA now expects the Brent crude oil spot price to average $85 per barrel in 2023, which is $3 per barrel higher than its March forecast. However, EIA expects 2023 global production of liquid fuels, including gasoline, diesel, and jet fuel, to exceed 101 million barrels per day for the first time, despite the production cuts.

The agency also expects natural gas prices to be lower than last year, making coal less economical for electricity generation this spring.

Source: Azeri-Press News Agency (APNA)

Uchunju Aghali village, Zangilan district

Uchunju Aghali village of Zangilan district is located on the bank of Hakari River, in the foothills. The village was occupied by Armenian armed forces in 1993. During the occupation, Armenian vandals destroyed the village and turned it into ruins. The valiant Azerbaijani Army, which crushed the Armenian armed forces in the Patriotic War, liberated the village on October 28, 2020. AZERTAC presents the footages of Uchunju Aghali village, which was subjected to Armenian vandalism during the occupation.

Source: AZERTAC, Azerbaijan State News Agency