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Former Vice-Speaker Appointed Head of Board of Alat Free Economic Zone Authorized Body
Baku / 22.05.20 / Turan: President Ilham Aliyev issued a decree to create a free economic zone in Alat.
Under the decree, an authorized body of the Alat free economic zone will be formed. According to the document, the territory of the Garadag region of Baku will be considered the territory of the Alat free zone.
In addition, Ilham Aliyev signed a decree appointing Valeh Aleskerov as the head of the Board of the authorized body of the Alat free economic zone.
Recall that Valeh Aleskerov previously served as Vice Speaker of Parliament. –71D-
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- Analytics
- 22 May 2020 14:45
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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