February 29 a meeting of the Advisory Board of the Southern Gas Corridor started in Baku with the participation of the President of Azerbaijan.
The Council's work also involves the Ministers of Energy of the states of the Southern Gas Corridor, including the Vice-President of the European Commission on Energy Maros Shefkovich, Turkish Energy Minister Berat Albayrak, the special representative of US State Department Amos Hockstein, Special Representative of the UK Energy Edmund Hosker, Secretary of State of Italy Claudio De Vincenti, etc. .
Following the meeting, the Minister of Energy of Azerbaijan Natig Aliyev and the European Commission Vice-President for Energy Maros Shefkovich will make statements for the press.
As expected, the meeting participants will discuss the prospects and practical issues relating to the functioning, security and development of the Southern Gas Corridor.
As expected, it will focus on how to connect Iran and Turkmenistan to the corridor for the purpose of supply of natural gas to Europe. -02D-
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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