Petkim, the Turkey-based Petrochemical complex owned by SOCAR, Azerbaijan’s state energy company, reported a net profit of 892 million Turkish liras ($108 million) in the first quarter of 2021 compared to a net loss of 10 million liras in the same period last year, the company said in a report.

Armenia will commission its largest utility-scale solar power plant, aimed at helping the country reduce its reliance on imported fuels, in 2024, Karen Asatryan, head of the Renewable Resources and Energy Efficiency Fund, said.

The European Union posted bail of 40,000 lari ($11,700) to secure the release of Georgian opposition leader Nika Melia, a condition for implementing a European Union-brokered deal to resolve a long-running crisis that has brought all political activity to a halt.

Japanese company Tokyo Electric Power Services Co., Ltd. (TEPSCO) will prepare a concept and a master plan for creating a "green energy" zone in the Nagorno-Karabakh region, Azerbaijan's Energy Ministry said.