The Southern Gas Corridor project will be a focus of attention at the Caspian Forum 2013, which will take place in Istanbul on December 4-5, 2013, reads the information posted on the web site of the Caspian Strategy Institute, which is the organizer of the forum.
The Caspian Forum is the platform, which studies economic, political and strategic potential of the Caspian Sea region, and is used to define the fields of cooperation and partnership.
The Forum is aimed at creation of the space for multilateral cooperation and prevention of geopolitical rivalry. The unique conditions of the Caspian Forum contribute to the common vision of the issues of security, economy and energy in the region.
According to the Caspian Forum web site, officials, representatives of the scientific circles, business agencies, politics and representatives of non-governmental organizations around the world will take part the Forum.
The Southern Gas Corridor project will help Europe to diversify its sources of hydrocarbons deliveries and will also help Azerbaijan to get a new market in the face of Europe. The Southern Gas Corridor is a big project, which will satisfy demands of the European consumers in gas for decades to come.—0—
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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