Rosneft has applied to the Russian Ministry of Natural Resources for three sections on the Caspian Sea shelf, Russian Minister of Natural Resources Sergei Donskoy told journalists. He specified that these are Derbent, Dmitrovsk and Chkhen-More sections, write Vedomosti quoting Interfax.
He said Rosneft has accelerated work on the applications and this week the Ministry of Natural Resources has already submitted the proposals to the government. Donskoy added that the sections could be submitted to them for use till the end of the year under good concourse of circumstances, reported http://rusenergy.com.--0--
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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