Azerbaijan Approves MoU with China for China-Europe Railway Express
Economics
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Azerbaijan has implemented several key projects to create infrastructure for exporting its gas to the European Union, boosting its role as a crucial energy supplier amid growing demand in Europe, economist Gubad Ibadoglu said in an article. The Baku-Tbilisi-Erzurum gas pipeline, launched in early 2007, was one of the first steps. This pipeline, with an annual capacity of 8.2 billion cubic meters, is part of the 690-kilometer South Caucasus Pipeline (SCP), which facilitates the export of gas from Azerbaijan's Shah Deniz field to Georgia and Turkey.
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After a four-day repair, the Oguz-Gabala-Baku water pipeline has been brought back into operation. The State Agency for Water Resources confirmed that the pipeline is now fully filled with drinking water and is functioning properly, with water reaching reservoirs in the Baku area. It is expected that the normal water supply for residents of the affected areas will be restored by noon on August 16.
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President Ilham Aliyev issued a decree on August 15, introducing a series of amendments to his previous decrees and orders as part of ongoing efforts to improve road transport management in Baku. The changes are aimed at ensuring the implementation of Presidential Decree No. 2109 from April 2023, which seeks to strengthen management in the city's transport sector.
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Azerbaijan's key hydrocarbon fields, Shah Deniz and Azeri-Chirag-Guneshli (ACG), continue to operate steadily against the backdrop of changing global energy dynamics, supporting both domestic and international gas supplies, economist Gubad Ibadoglu said in an article.
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