Albania has invited SOCAR to gasify the country, Albanian Minister of Economy and Energy Damian Giknoori said during the panel discussions at the Caspian Forum III in Istanbul on Thursday.
He said Albania and the entire South Eastern Europe has a perspetive and undeveloped gas market.
Minister said that Albania has been discussing the possibility of laying of the trans-Adriatic gas pipeline on its territory with Montenegro and Croatia.
Caspian Forum III organized by the Caspian Strategic Institute HASEN has gathered high-ranking officials, representatives of the companies and the leading experts from all over the world.
The projects in fields of energy, transport and finance in the Caspian region will be discussed and the possibility of future cooperation studied at the forum.
The TAP will transport gas from the Caspian region to the south of Italy and Western Europe via Greece, Albania and Adruatic Sea. Gas, which will be extracted from the Shah-Deniz Phase 2, is considered as the main source of the project.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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