World Energy Council: Azerbaijan ranks 31st among 125 countries with best energy system
Denmark has the best energy system among all the countries of the world, and Azerbaijan took the 31st place in the ranking, after Japan, and ahead of such countries as the Republic of Korea, Australia, China and Russia.
This is stated in the data of the "Energy Trilemma Index" for 2017, compiled by the World Energy Council.
The index assesses the efforts of 125 countries, given their ability to provide a stable energy system in three ways: "energy security" (data on the effective organization of primary energy supplies from national and foreign sources, the reliability of energy infrastructure and the ability of energy suppliers to meet current and future demand), "accessibility" energy (universal availability and financial accessibility), "environmental sustainability" (measuring overall efficiency in achieving a sustainable combination of polycy and balance, it highlights how well countries manage trade-offs).
This year, Denmark once again won first place, ahead of Sweden, Switzerland, the Netherlands and the UK. It took the first place in the field of energy security, 12th in terms of energy availability, and fourth in terms of environmental sustainability.
In turn, Azerbaijan, which occupied the 31st place, was ranked 44th in the field of energy security, 44th in terms of energy availability and 19th in terms of environmental sustainability.
The last place in the rating belongs to the Niger. Above him are Benin, Tanzania, Chad, Congo and Zimbabwe. Finland ranked 11th, Iceland - 14th, USA - 15th, Ireland - 20th, Canada - 21st, Japan - 30th, Australia - 33rd, Republic of Korea - 39th , Russia - 44th, Armenia - 52nd place.
It should be noted that the World Energy Council is the largest international energy non-profit organization. It is a UN-accredited body dealing with energy issues, as well as the largest impartial community that includes more than 3,000 public and private organizations from almost 100 countries around the world. The main mission of this organization is to promote sustainable supply and use of energy for the greatest benefit of all people.
SOCAR to supply oil to Vietnamese refinery
SOCAR Trading, a subsidiary of Azerbaijan's state owned oil company SOCAR, agreed with the Vietnamese state owned company Binh Son Refining and Petrochemical Co. (BSR) and state oil trader PV Oil on oil supplies, the BSR reported.
The agreement is non-binding.
Under the agreement, SOCAR Trading will supply three million barrels of Azeri Light oil per month and two million barrels of other types of oil per month to Dung Quat refinery in 2018-2021.
The Dung Quat refinery refines about 6.5 million tons of oil per year. Its production capacity is expected to increase to 8.5-9 million tons in 2021.
In January-November 2017, Vietnam imported four million barrels of Azerbaijani oil.
Azerbaijan drafts first report on transparency in extractive sector beyond EITI
The first report on transparency in the extractive sector prepared by Azerbaijan beyond the Extractive Industries Transparency Initiative (EITI) is even more detailed than the reports created during the EITI membership period, Head of the State Oil Fund of Azerbaijan (SOFAZ) Shahmar Movsumov said.
Movsumov made the remarks in Baku during the presentation of the final report on transparency in the Azerbaijani extractive industry for 2016, prepared by Moore Stephens.
He said that during the period when Azerbaijan was an EITI member, the country regularly made the data on transparency public.
"During this period, we prepared more than 20 reports within the EITI,” he said. “Nevertheless, Azerbaijan faced double standards and prejudiced position in the organization. As a result, a decision was made to withdraw from EITI.”
“Azerbaijani President Ilham Aliyev signed a decree on additional measures in early April 2017 in connection with an increase in reporting and transparency in the extractive industry, the main item of which was the establishment of the Extractive Industries Transparency Commission.”
"We attracted the international auditor and included the new data into the report,” he said. “Social expenditures of Azerbaijan’s state oil company SOCAR, information on PSA are described in details. Azerbaijan remained committed to the principles of transparency."
SOCAR commissions another filling station in Azerbaijan
SOCAR Petroleum CJSC (operator of filling stations of Azerbaijan’s state oil company SOCAR) has commissioned a filling station in Mususlu village of the country’s Ujar district, the company told Trend.
“This is the 26th filling station under SOCAR brand in Azerbaijan,” the company said.
“The filling station has modern equipment that meets international standards,” the company noted. “POS terminals and five fuel dispensers of the latest models produced by Japan have been installed at the filling station and an automated system for control of fuel sale and tanks’ condition has been applied there. Premium and AI-92 gasoline as well as diesel fuel will be sold at the filling station. In general, the filling station will be able to simultaneously render services to eight cars and two trucks.”
At present, SOCAR is engaged in the retail sale of oil products through its filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland.