Press officer of the Chinese Ministry of Foreign Affairs Hua Chunin said that cooperation between China and Iran in field of commerce and energy is in the interests of the both sides. She said that cooperation between China and the Near East and Middle East countries, including Iran, is completely transparent and does not cause damage to any of the sides.
Hua Chunin said that according to the official information of the Chinese customs administration, during the past years Iran’s oil import, despute the western sanctions, did not change and during this period it varied between 350,000 and 540,000 barrels a day and in 2013 China bought in average 421,520 barrels of crude oil a day from Iran, reported Iran.ru.—0—
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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