During 6 months Iran hopes to achieve lifting of oil export sanctions by the “Six,” Bidjan Namdar Zangane, Iranian Oil Minister, told journalists before the OPEC conference.
“We would like to return to the market right after lifting of the sanctions – this is our main priority,” he said.
According to his forecasts, this could be achieved in the coming six months. “I hope during six months we will reach agreement with the “Six” (five permanent members of the UN SC and Germany) and we will try to do that,” reported http://itar-tass.com.--0--
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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