BP-Azerbaijan company has resumed gas supplies to Turkey after repair of the Turkish section of the Baku-Tbilisi-Erzurum pipeline , due to explosion on August 25 at night.
A source from BP-Azerbaijan company (technical operator of the project) said that gas extraction from the Shah Deniz field has gone back to normal after the works on the platform, which has been working at full capacity.
“Now has is delivered to Azerbaijan, Georgia and Turkey. There are no problems with gas extraction and export,” said a source from the company.
There was explosion on the Turkish section of the gas pipeline on August 24 at 10.00 p.m. local time in Sarykamysh province of Kars. The reason of explosion was attack committed by the Kurdish Working Party (PKK).
Operator of the Turkish section of the gas pipeline is Turkish state company BOTAS.—0—
Economics
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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.
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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.
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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.
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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.
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