Azerbaijan Railways closed-type joint stock company (JSC) considers purchase of 300 new cistern cars to transport oil and oil products, chairman of JSC Arif Askarov said.
He said purchase of the cars for transportation of dry cargo as well as equipment and spare parts for repair of the freight cars is also on the agenda.
Azerbaijan Railways JSC has 4,151 cistern cars. Majority of them were made during the Soviet period. Every year about 10 million tons of oil and oil products are transported to the Georgian ports in the Black Sea by raiolway.—0—
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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