The State Oil Company of the Azerbaijan Republic (SOCAR) has stated that it intends to launch a power plant project.
This is after the successful completion of a Liquefied natural gas (LNG)-to-power project in Malta.
Sri Lanka has been selected as the next phase.
The expected cost for the construction of the power plant project is US $ 100 million.
The project plans to start a LNG power plant at the Hambantota port
The State Oil Company of the Azerbaijan Republic is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.
Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR.
SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.
Azerbaijan is situated in southwestern Asia with the Great Caucasus Mountains to the north. Historically, the name Azerbaijan refers to a larger region that formed part of Persia (Iran). Azerbaijan is bordered by the Caspian Sea in east, by Iran in south, by Armenia in west, and Georgia and Russia in the north. Azerbaijan is located in both Europe and Asia.
While around 97% of the population is Muslim, the Constitution of Azerbaijan does not declare an official religion and all major political forces in the country are secularist. Azerbaijan is a developing country and ranks 87th on the Human Development Index. It has a high rate of economic development and literacy.
The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the USSR in the same year.
Azerbaijan's high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic driver, efforts to boost Azerbaijan's gas production are underway.
This is after the successful completion of a Liquefied natural gas (LNG)-to-power project in Malta.
Sri Lanka has been selected as the next phase.
The expected cost for the construction of the power plant project is US $ 100 million.
The project plans to start a LNG power plant at the Hambantota port
The State Oil Company of the Azerbaijan Republic is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.
Three production divisions, one oil refineries and one gas processing plant, a deep water platform fabrication yard, two trusts, one institution, and 23 subdivisions are operating as corporate entities under SOCAR.
SOCAR conducts various petroleum activities in countries such as Georgia, Turkey, Romania, Switzerland, Germany and Ukraine, including trading activities, mainly in Switzerland, Singapore and Nigeria.
Azerbaijan is situated in southwestern Asia with the Great Caucasus Mountains to the north. Historically, the name Azerbaijan refers to a larger region that formed part of Persia (Iran). Azerbaijan is bordered by the Caspian Sea in east, by Iran in south, by Armenia in west, and Georgia and Russia in the north. Azerbaijan is located in both Europe and Asia.
While around 97% of the population is Muslim, the Constitution of Azerbaijan does not declare an official religion and all major political forces in the country are secularist. Azerbaijan is a developing country and ranks 87th on the Human Development Index. It has a high rate of economic development and literacy.
The modern Republic of Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of the USSR in the same year.
Azerbaijan's high economic growth has been attributable to large and growing oil and gas exports, but some non-export sectors also featured double-digit growth, including construction, banking, and real estate. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa pipelines remain the main economic driver, efforts to boost Azerbaijan's gas production are underway.
