There is a hope that the new agreements on the Caspian Sea status will be reached at the summit , which is scheduled to be held in Russia next year, Azerbaijani Deputy Foreign Minister Halaf Halafov told journalists yesterday.
He said the Caspian Sea countries positions to the Caspian Sea status have become closer.
The working groups have been working on the draft document, which the presidents could sign at the summit in Russia. In quarter 1, 2014 the Foreign Ministers plan to meet before the summit to discuss the issues planned to be considered at the summit, Halafov said. He said the meeting of the working group will take place in Astana at the end of January.
In addition to the Caspian Sea status, the working group will discuss signing of the agreements on protection of biological resources and ecological issues. This is especially related to determination of the fishing zone.--0--
Economics
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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Azerbaijan's state-owned mining company AzerGold CJSC will assess the primary reserves of promising sites in Guinea-Bissau as part of its efforts to expand operations into new markets, the company said on Monday.
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The gradual decrease in oil production in Azerbaijan may lead to a reduction in the production of oil products, as reflected in the government's forecasts for 2025-2028.
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