In January-July of 2016 in transit through Azerbaijan in the direction of East-West 4,197,900 tons of cargo was transported. Compared with the same period of 2015, transportation decreased by 1.6 million tons, or 28.3%, the State Statistics Committee told Turan.
The cargo transit mainly reduced due to the sale of Turkmen oil, bypassing the territory of Azerbaijan.
The government hopes to increase transit for the international transport corridor TRACECA by commissioning the Baku-Tbilisi-Kars railway, which is expected in late 2016 or early 2017. In order to ensure the logistics of the route the government has built a new seaport in the Alat settlement of Baku. ------08D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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