Terrorists blew up a section of the Baku-Tbilisi-Erzurum gas pipeline in the Turkish province of Kars, said the governor of the province /
According to the Daily Sabah, the explosion was carried out by militants of the Kurdistan Workers' Party - PKK. The attack was attended by about 20 fighters.
Currently the fuel supply through the pipeline is blocked and the security forces, the gendarmerie and the military surround the area, controlling the situation. A firefight with the militants is underway.
Recall that Turkey receives gas from the Azerbaijani field Shah Deniz by this pipeline. Meanwhile, the company BP (operator of the project) said that undermining the pipeline will not affect the production of gas from the field Shah Deniz.
Note that this is the second diversion of the Kurds against this pipeline in the past month. On August 4, the gas pipeline was blown up on another site and recovered within a week. -02D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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