According to the World Bank, during 2011 associated gas to the amount of $7.3 billion has been burnt at the torches in Iran.
The report of the Global Partnership for Reduction of Associated Gas Burning reads that during this period Iran has burnt 11.4 billion cub.m. of associated gas, which makes about a quarter of the demand in gas in such a country as South Korea.
Iran loses associated gas, because it lacks infrastructure required for collection of associate gas, its refining and transportation to the foreign markets.
According to BP company’s estimates, Iran occupies the third place in the world among the gas makers and it also imports some amount of gas. Iran is unavailable at the world and regional gas markets, though its share in the world gas trade could be easily increased up to 10%, reported Iran.ru.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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