Tbilisi / 30.11.15 / Turan-BSPRESS: China, Kazakhstan, Azerbaijan and Georgia intend to form a consortium for the transport of goods from Asia to Europe, said the JSC Georgian Railway.
Istanbul hosted a presentation of the opportunities and prospects of development of the Trans-Caspian international transport route (TMTM) China-Turkey-Europe.
The presentation took place at the annual International Transport Logistics Exhibition Logitrans. The event was attended by representatives of major transport logistics operators in Turkey, Kazakhstan, Azerbaijan, Georgia and Lithuania.
"Trans Caucasus Terminals is already working with the co-founders of the international consortium that operates in all countries on this route, said the director Levan Sulaberidze.
"As part of this project for the next year it is planned to pass several containers through the territory of Georgia. In this way in the near future, the goods will go to Turkey, and from next year they will begin to move to northern and eastern Europe through Ukraine," said Sulaberidze.
Due to the project Georgia again will be on the historic Silk Road trade, he said.
The sides reached an agreement on the organization of the first demonstration train from China to Europe and the launch of a regular container service in this direction. -02D-
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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