Armenian parliament ratified the Armenian-Russian intergovernmental agreement, which envisages sale of 20% shares of ArmRosgasprom to Gasprom company.
The deal will allow Gasprom delivering gas to Armenia at the Russian prices, which is $189 per 1,000 cub.m.
According to the conditions of the agreement, the Russian government guarantees Gasprom’s natural gas deliveries to Armenia on conditions of full and timely payment by the Armenian companies.
The Armenian authorities decided to sell 20% shares in ArmRosgasprom closed-type joint stock company (JSC) as repayment of the debt worth $155 million to Gasprom, which was accumulated in 2012.
ArmRosgasprom is a gas supplier to Armenia. Until now Gasprom owned 80% shares of the company and the Armenian government owned the remaining 20% shares. In 2012 Russian natural gas deliveries to Armenia increased by 22.3% and totaled 1,967,200,000 cub.m.—0--
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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