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.

Kazakhstan is planning a further package of measures to support domestic businesses that have been hit hard by restrictions brought on by the COVID-19 pandemic, and plans to allocate around $6 billion to support small and medium-sized companies.