The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said cooperation with Japanese entrepreneurs is promising.
At today's meeting with Japanese businessmen the business and investment climate in Azerbaijan was discussed as well as its export opportunities and facilities in industrial parks.
The turnover with the Land of the Rising Sun is still low; according to the State Customs Committee, from January to August, the figure was $ 1 million 244.3 thousand ($ 1 million 45.84 thousand of exports and $ 195.59 thousand of imports).--17D-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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