An Azerbaijani governmental source reported the extra agreement would mean increase in the Azerbaijani gas export to Russia in accordance with the main understanding signed in Baku on October 16, 2009. The document will be signed by SOCAR"s President, Rovnag Abdullayev, and Gazprom"s Chairman, Alexei Miller. According to this, Azerbaijan"s gas export to Russia will increase twofold in 2011 against 2010.
Azerbaijan has contractually undertaken to export 1 billion m3 of gas to Russia in 2010.
The Azerbaijani gas price is determined by the formula quarterly. Russian sources reported that Gazprom paid $244 per 1,000 m3 of Azerbaijani gas in H1, 2010.
Gazprom"s top managers have stated many times that the Russian holding is interested in Azerbaijan"s gas and is ready to acquire the bulk of the gas exported by Azerbaijan. --12В--
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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