Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast. Azerbaijan, which is hosting this year’s UN climate talks, plans to increase its fossil fuel production by a third over the next decade, according to an analysis shared exclusively with the Guardian. The forecast indicates the Cop29 host will grow...
Monday, September 25, 2017
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August 4, 2023August 7, 2023Environment, News
UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...