Having accounted for half of the world's oil production 100 years ago and also being the first country to commercially produce oil, beating the U.S. by a decade, Azerbaijan remains an important center for production and valuable partner to the U.S. Azerbaijani ambassador Yashar Aliyev said at a recent World Affairs Council of Houston program that cooperation between his country and the U.S. remains strong. "We believe our cooperation with the U.S. is not only related to the energy area," he added. The oil industry has been a great benefit to the country, known for its black oil and black caviar. Azerbaijan is home to the Baku-Tbilisi-Ceyhan line, currently the world's second-longest oil pipeline, stretching 1,000 miles and transporting 800,000 barrels per day. Aliyev said the pipeline should be shipping 1 million barrels daily by the end of the year. For more on this, see the August issue of Oil and Gas Investor. For a subscription, call 713-260-6441.
Recommended Reading
Energy Transition in Motion (Week of Feb. 14, 2025)
2025-02-14 - Here is a look at some of this week’s renewable energy news, including a geothermal drilling partnership.
Canada Tasks Ameresco to Build Solar Project at Military Base
2025-02-14 - The Government of Canada’s Department of National Defence has tasked Ameresco Inc. to build a solar energy project at the 5th Canadian Division Support Base Gagetown in Oromocto, New Brunswick.
New York Approves Power Line for Equinor Offshore Wind Farm
2025-02-13 - Equinor has been granted permission to build transmission facilities for its Empire Wind 1 offshore wind farm under construction offshore New York.
BKV Reaches FID, Forms Midstream Partnership for Eagle Ford CCS Project
2025-02-13 - If all required permits are secured, BKV’s CCS project in the Eagle Ford Shale will begin full operations in first-quarter 2026, the Barnett natural gas producer says.
TGS, deepC Store to Evaluate Location Offshore Australia for Carbon Storage
2025-02-13 - TGS will work on the assessment in the Browse Basin throughout 2025.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.