From January to October 2015 Azerbaijani gas export from the Shah Deniz Phase 1 totaled 4.8 billion cub.m., while gas export to Georgia – 550 million cub.m, said SOCAR Senior Vice President.
“Since beginning of gas export from the Shah Deni field till November 1, 2015 36 billion cub.m. of Azerbaijani gas was exported to Turkey and 4.8 billion cub.m. to Georgia. Daily gas export to Georgia is 4 million cub.m., while to Turkey is 18 million cub.m.,” said Yusifzada.
The contracts on gas sale from the Shah Deniz Phase 2 have been concluded between Turkey, Azerbaijan and Georgia. BTC Co company also buys gas to ensure work of the compressor stations of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.-0—
Economics
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
-
At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
-
This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
Leave a review