On October 30, the Ministry of Transport held a meeting at which they discussed with representatives of the International Road Transport Union (İRU) the results of monitoring of the Azerbaijan section of the motorway Model Project (MAP).
The information spread today by the Ministry of Transport noted that the monitoring was carried out by representatives of "Egnatia ODOS SA" (Greece). This company fulfils the functions of Technical Secretariat of the Black Sea Ring Highway. Not only the condition of roads in the Azerbaijan section of the "Silk Road", but also a roadside support infrastructure, border crossing procedures, etc. were assessed. The details of the monitoring are not reported.
The IRU initiated the implementation of the MAP on the Baku-Tbilisi-Batumi-Trabzon. His goal is to create a more effective and safer conditions for the development of road transport along the corridor TransEvropa-Caucasus-Asia. --08D—
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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