From January to September 2013 Russia reduced gas deliveries to Armenia by 3.7% against the same period last year to 1,272,000,000 cub.m., reported ArmRosgasprom.
During 9 months, 2013 gas sale decreased by 0.5% to 1,122,000,000 cub.m. Armenian energy sector reduced natural gas consumption by 14.9% against last year to 112,800,000 cub.m., while its population – by 8.7% to 361,700,000 cub.m.
During 9 months, 2013 natural gas sale in the industrial sector increased by 10.8% up to 200,700,000 cub.m. Gas consumption by other consumers increased by 1.7% up to 115,900,000 cub.m.
ArmRosgasprom has a monopoly right to deliver and distribute Russian gas at the local market of Armenia. Gas is delivered to Armenia via Georgia. The company was established in 1997 and its shareholders are Russian Gasprom company (80% shares) and the Armenian Ministry of Energy and Natural Resources (20%). Gasprom plans to increase its package in the Armenian gas company up to 100%.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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