In January-February Azerbaijan produced materials in the amount of 59.6 million manat (+ 24% by March 1 of last year).
According to the State Statistics Committee, decline was recorded in the production of concrete structures - 2.6 thousand cubic meters (minus 60.6%) and asphalt - 38.1 thousand tons (minus 9.8%).
On other positions there was an increase - produced 375.5 thousand tons of cement (+ 14.9%), 32.8 thousand tons of plaster (+ 10%), 1 thousand 467 thousand tons of processed marble, travertine, alabaster and products thereof (3.1 fold increase). In addition, there was produced 39.2 thousand cubic meters of building bricks - (+ 19.5%) and ready-mixed concrete - 208.7 thousand tons (+ 35.9%). --17D-
Economics
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The European Commission views Azerbaijan’s increasing gas exports to Europe as a vital alternative for ensuring the EU’s energy security, European Union Energy Commissioner Kadri Simson told Turan in an exclusive interview during the COP29 summit in Baku.
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The State Oil Company of Azerbaijan (SOCAR), which joined the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0) earlier this year, hosted a forum on November 15 within the "Green Zone" of COP29. The event, titled "OGMP 2.0 Leadership Forum," brought together key stakeholders to discuss progress and prospects for methane emissions reduction in the oil and gas industry.
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Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), highlighted the urgency of climate financing discussions ahead of his visit to the G20 summit in Rio de Janeiro from November 17-20. Stiell, speaking before departing from Baku where the 29th session of the UNFCCC is currently underway, underscored the pivotal nature of the negotiations taking place.
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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