Mini oil refinery started to work in Afghanistan thanks to private investor from Azerbaijan
In the coming years Azerbaijan plans to invest about $1-2 billion into Afghanistan's economy. These funds are planned to be invested into various sectors of economy, Dashgyn Shikarov, Azerbaijani Ambassador to Afghanistan, said yesterday in his interview to ATV private Azerbaijani TV channel.
Ambassador said that private investors from Azerbaijan are already present at the Afghanistan market. "Five years ago Azerbaijani investor with his Afghanistan partner have invested $30 million into construction of a mini oil refinery in Mazari Sharif. Earlier the enterprise has refined 500 tons of oil a day, at present its capacity has already reached up to 1000 tons a day," diplomat said.
Shikarov said that in the future it is planned to increase capacity of the enterprise's refining up to 1500 tons a day. -0--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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