The third Turkish-Azerbaijani-Georgian business forum will be held on May 21 in Gabala.
Previous discussions with senior economic ministers of the three countries were in Tbilisi (February 2012) and Kars (June 2012).
The Ministry of Economic Development told Turan, that the forum will discuss the prospects for expanding trilateral economic cooperation.
Presentations will also be held for new investment opportunities, bilateral and multilateral meetings of business circles of the three countries.
Azerbaijan, Turkey and Georgia are joined by close economic ties. On the territory of these countries are oil and gas pipelines Baku-Tbilisi-Ceyhan and Baku-Tbilisi-Erzurum gas pipeline. In the final stage the railway Baku-Tbilisi-Kars. -08D-
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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