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Baku/19.10.22/Turan: As regards the supply security, especially due to the reduction of gas supplies to Europe from Russia, the role of export gas and oil pipelines from Azerbaijan has increased, the Turkish Foreign Minister Mevlut Cavusoglu said on October 17 at a press conference following a meeting in Istanbul of the Council of Foreign Ministers of the Organization of Turkic States.
"The importance of Central Asia and the Middle Transport Corridor has also increased. The measures that we will take will make a serious contribution to resolving the energy and food crises," he added. -0--
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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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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