The Armenian government is going to create the commission to study the caloric content of natural gas coming from Russia. The instruction has been given by the Armenian Premier Tigran Sarkisian.
It was said at the governmental session on February 20, 2014 that the commission will be created by the Armenian Ministry of Economy and it could be comprised of public organizations, reported Gazeta.ru.
The decision was made after the residents of various Armenian regions have complained about low caloric content of natural gas. In particular, a specific heat of combustion of 1 cub.m. of gas delivered by Gasprom company to Armenia could vary between 7,600 and 9,500 Kcal.
Armenia receives gas only from Russia. Gasprom-Armenia is the operator of gas supplies in Armenia. Earlier 20% of the company belonged to the government and the company was called ArmRosgasprom. On January 16, 2014 Gasprom bought 20% of the company on the basis of the intergovernmental agreement concluded between Russia and Armenia at the end of 2013 and the company has been renamed, reported http://rusenergy.com.--0--
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review