Russia and Iran consider the possibility of gas swap to the north of Iran through Azerbaijan and construction of the gas liquefaction plant on the south of the country, Alexander Novak, Energy Minister, told journalists yesterday.
“Today we considered the same perspective direction of gas swap to the north of Iran through Azerbaijan with the possibility of construction of the gas liquefaction plant on the south of Iran. We plan to receive an equivalent volume of liquefied gas, which will be exported to the South Eastern Asian markets, which in the future will have higher gas consumption rate,” he said.
“These projects, definitely, must bring such a synergy effect of raising efficiency and reduce costs for transportation of hydrocarbons, oil and gas,” Novak added.
It was earlier reported that Gazprom is interested in development of the general scheme of Iran’s gas industry development and participation in the extracting projects on the territory of this country and construction of the LNG plant.—0—
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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