Azerbaijan has defined the types of activities in the energy sector, AzVision.az reports.
This is reflected in the new draft law "On Energy", discussed at today's meeting of the Milli Majlis of Azerbaijan (Parliament).
According to the draft law, the following types of activities are carried out in the energy sector:
- exploration of energy resources;
- development and extraction of energy resources;
- processing of energy resources;
- energy production;
- energy storage;
- transportation (transmission) of energy;
- energy distribution;
- import and export of energy;
- wholesale and (or) retail sale of energy;
- organization of natural gas and electricity markets.
In accordance with paragraph 11 of Part I of Article 94 of the Constitution of the Republic of Azerbaijan, the draft law defines the general legal, economic, and managerial bases of activities in the field of energy, as well as mechanisms for ensuring energy security, creating a healthy competitive environment, supporting sustainable economic development, and providing consumers with reliable, high-quality, affordable, and safe energy.
The draft law was put to the vote and adopted in the first reading after discussion.
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