On November 26, 2013 the Caspian Pipeline Consortium (CPC) plans to approve the extension project, considering the amendments, reported Interfax quoting Nikolai Brunich, CPC General Director.
He added that at the end of November CPC will put into operation the third mobile mooring facility.
We plan to launch the next terminal in Novorossiysk in November 2013,” Brunich said.
He reminded that the CPC started trial of the mooring facility No 3 in August 2013 and it took 2.5 months. He specified that the mooring facility is planned to be launched at the end of November.
The CPC extension project is between 6 to 12 months behind the schedule. Brunich explained that there were many objective and subjective reasons of delay.
There was a need to bring demands of the western companies into correspondence with the Russian laws and there was delay with equipment delivery. But the situation has changed now, he said.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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