The handmade oil and oil products refining installation has been found by the employees of the Foreign Ministry on the territory of the Mozdok experimental mechanical plant. Judging by the volume of heating fuel available in the tanks, about 40 tons of low quality straw oil was produced here a day, reported Regnum news agency.
A source from the Foreign Ministry said that gas installation connected with the other equipment with rubber hoses was used for illegal oil refining. The installation is owned by the resident of Argun city, Chechen Republic, and gas was stolen by cutting into the gas pipeline. In 2011 46-year-old rent a premises on this territory for illegal business. He was punished later.
According to the preliminary information, criminal case will be instituted against the owner of the mini-plant. The second case will be instituted for illegal business.—0—
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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