City Gabala in the north-west of Azerbaijan on May 25 will host a business meeting at the level of the economy of Azerbaijan, Turkey and Georgia, which will be discussed further expansion of economic relations between the three countries.
This is the third trilateral meeting. Earlier, a meeting of business people of the three countries took place in Tbilisi and Kars.
According to the State Customs Committee of Azerbaijan, in January-April 2013, the trade turnover between Azerbaijan and Georgia amounted to $ 245.8 million (as compared to the same period in 2012 grew by 6.7%), and with Turkey - $ 617 million (- 7%). -08D-
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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