Day: June 13, 2024

Deputy Chairman of the Board of the Azerbaijan’s Mine Action Agency (ANAMA) Samir Poladov met with a delegation led by Deputy Ambassador of the United Kingdom of Great Britain and Northern Ireland to the country Edward Evans.

Samir Poladov informed the UK’s deputy ambassador about the mine problem and the consequences caused by mines, the activities carried out to address this problem, the progress achieved, as well as the international cooperation in the field of mine action.

The ANAMA Chairman of Board noted that Great Britain has supported the humanitarian demining activities carried out in Azerbaijan from the first day, and emphasized the existence of quite successful projects in this field.

During the meeting, Edward Evans acknowledged the significant scale of the landmine problem that Azerbaijan faced, commending the work done in this area.

The meeting also included an exchange of views on expanding UK’s support for the humanitarian demining activities carried out in Azerbaijan, enhancing existing c
ooperation in this field, as well as other issues of mutual interest.

Source: Azerbaijan State News Agency

ASHGABAT: Turkmenistan is ready to consider the relevant proposals of Trkiye’s Çalik Holding on joint projects in the oil and gas sector, Trend reports.

According to an official source, this was confirmed by Chairman of the People’s Council of Turkmenistan, Gurbanguly Berdimuhamedov, during a meeting with Chairman at Çalik Holding A.S. Ahmet Çalik.

During the meeting, he noted the mutual cooperation between Turkmenistan and Trkiye in various fields, including energy, the textile industry, construction, and other industries.

Berdimuhamedov stressed that the socio-economic programs implemented in Turkmenistan and the favorable investment environment create opportunities for expanding partnerships, where large companies of the friendly state, including Çalik Holding, play an important role.

At the same time, the Chairman of the People’s Council of Turkmenistan added that the 1,574 megawatt power plant under construction by Çalik Holding on the Turkmen coast of the Caspian Sea will facilitate the supply of Tu
rkmen electricity to neighboring countries, including Trkiye and other destinations.

Meanwhile, the development of cooperation between Turkmenistan and Trkiye’s companies is a strategically important process that contributes to strengthening economic ties and a mutually beneficial exchange of experience and resources.

Joint projects, such as the construction of gas pipelines and infrastructure facilities, stimulate economic growth and promote job creation, which ultimately contributes to the long-term prosperity of both countries.

Source: Trend News Agency

ASHGABAT: Turkmenistan discussed promising areas of long-term cooperation with Dragon Oil, owned by the Emirates National Oil Company (ENOC), Trend reports.

According to an official source, these issues were discussed during a meeting between the Chairman of the People’s Council of Turkmenistan, Gurbanguly Berdimuhamedov, and the Chief Executive Officer of Dragon Oil, Ali Rashid Al-Jarwan.

During the meeting, the parties discussed promising areas of long-term cooperation, taking into account the vast experience of joint work and large-scale plans for the development of the fuel and energy complex.

They noted that Turkmenistan and the UAE are among the richest countries in the world in terms of natural gas and oil reserves and have extensive experience in the development of the oil and gas industry.

The parties stressed that the strategy for the development of the oil and gas sector is aimed at producing products necessary for the national economy as well as exporting them using local raw materials. In thi
s regard, emphasis was placed on projects implemented by large UAE companies in the fuel and energy sector of Turkmenistan.

Speaking about the economic development programs being implemented in the country, the ongoing reforms in the industrial sector, and the availability of favorable conditions for doing business, Berdimuhamedov stated his readiness to further expand productive cooperation with Dragon Oil.

Meanwhile, in January of this year, the Turkmenistan State Concern and Dragon Oil signed a Memorandum of Understanding under which the Dubai oil business will begin developing three prospective fields near Turkmenistan.

Dragon Oil has been carrying out oil and gas cooperation with Turkmenistan on the basis of a Production Sharing Agreement since 2000, and its main activity is the extraction of hydrocarbon resources in the Caspian Sea, in particular in the Cheleken contract zone.

Source: Trend News Agency

BAKU: Preliminary negotiations on climate finance are underway at the 60th session of the Subsidiary Bodies of the UN Framework Convention on Climate Change in Bonn, Trend reports.

Around 200 countries are striving to agree on a new global goal for climate finance ahead of the UN Climate Change Conference COP29, which will be held in Baku this November.

Climate finance involves major economies helping poorer countries invest in projects to reduce greenhouse gas emissions and cope with the worsening extreme weather conditions caused by climate change.

In 2009, developed countries agreed to contribute $100 billion annually to relevant funds from 2020 through 2025.

The goal for participants in the Bonn session is to increase the inflow of funds into these resources.

The worsening climate situation and the lack of investment in clean energy in developing countries mean that the required amounts must sharply increase once states agree on the first climate finance goal.

According to an independent 2023 report
cited by the UN, developing countries, excluding China, will need $2.4 trillion in annual investments by 2030 to meet their climate goals and protect societies from the impacts of climate change, which is more than four times the current level of investment.

The Arab Group, including Saudi Arabia, the UAE, and Egypt, proposes a UN goal of $1.1 trillion annually, with $441 billion to come directly from developed countries’ governments in the form of grants.

India, African countries, and small island states also stated that over $1 trillion is needed for these purposes, but there are disagreements about how much of this financing should come from the public sector.

Currently, only a portion of wealthy countries are obligated to provide climate financing.

This list of donor countries was determined during the UN climate negotiations in 1992 and has not changed since.

The EU and US officials believe that the list is outdated and propose adding new donors, including China, with the world’s second-largest econ
omy, as well as high GDP per capita countries like Qatar, Singapore, and the UAE, while Beijing is firmly against this.

At the COP29 conference in Baku, the main topic will be which countries should provide financing.

Issues to be discussed at this event include taxes on fossil fuels and the defense sector, as well as debt swap processes, where part of a country’s debt is forgiven in exchange for additional investments in climate action.

To note, this November, Azerbaijan will host COP29. This decision was made at the COP28 plenary meeting held in Dubai on December 11 last year. Baku will become the center of the world and will receive about 70-80,000 foreign guests.

The United Nations Framework Convention on Climate Change is an agreement signed at the Earth Summit in Rio de Janeiro in June 1992 to prevent dangerous human interference with the climate system. The COP-the Conference of the Parties-is the highest legislative body overseeing the implementation of the Framework Convention on Climate Change.
There are 198 countries that are parties to the Convention. Unless the parties agree otherwise, the COP is held annually. The first COP event took place in March 1995 in Berlin, and its secretariat is located in Bonn.

Source: Trend News Agency

ASHGABAT: Turkmenistan has significantly reduced methane emissions from the Darvaza Gas Crater, Trend reports.

According to an official source, specialists of the Turkmengaz State Concern of Turkmenistan are using a specially developed method to extinguish the Darvaza Gas Crater in the Karakum desert.

Turkmenistan has made significant progress in managing emissions at the Darvaza Gas Crater, effectively utilizing methods that will ultimately lead to the depletion of the gas flow moving towards the crater.

By capturing all the gas through existing wells, the country aims to extract and utilize the entire gas reserve efficiently.

Furthermore, this approach not only mitigates environmental impact but also maximizes the utilization of natural resources, marking a strategic step towards sustainable gas management practices.

A considerable decrease in methane emissions from the crater has already been achieved through the deployment of the approach.

The Darvaza Gas Crater, which has been burning for half a ce
ntury, is located in the Karakum Desert, 266 kilometers from Ashgabat city.

In 1971, gas deposits were discovered in this region as a result of research and drilling conducted by geologists from the Soviet Union. Geologists made the decision to ignite the crater in order to stop gas emissions, but the fire is still ongoing.

Source: Trend News Agency