Baku/19.12.13/Turan : For the nine months of this year, revenues from local airlines freight amounted to 354 886.9 thousand manats, which is 32.9 % more than in the first three quarters of 2012 . Thus, the volume of freight traffic in the mentioned period increased by 87.2 % , the State Statistics Committee told Turan .
The implementation of transport airlines spent 265 615.3 thousand manats, or 38.9 % more than 9 months of last year. Thus, they gained AZN 89.2 million ($ 108 million ) of the book profits.
Azerbaijan sector of cargo transport companies is controlled by Silk Way Airlines and Silk Way West, which are affiliated with a group of companies Silk Way Holding. The first of these companies was established in 2001 and has 7 IL -76 and 3 AN-12 planes. The second company was established in 2012 and has three Boeing 747-400F and two Boeing 767 -300F aircraft. -08D-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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