Rosneft President Igor Sechin does not rule out the possibility of oil reverse via the Baku-Novorossiysk pipeline.
"What does the oil reverse mean? Did you know that the pipe from Russia to Baku has been built towards Baku? May be what is happening now is a reverse," Sechin told journalists yesterday.
"If we deliver Urals oil to Baku's plants, we will get efficient transportation and receive Azeri Light from Ceyhan, for instance. It seems to me that this is simply an efficient work at the markets and use of all possibilities," Sechin added.
Last week SOCAR President Rovnag Abdullayev said that SOCAR and Rosneft have been negotiating possible reverse of 5 million tons of Urals oil a year via the Baku-Novorossiysk oil pipeline.
He said the companies have been negotiating partial transportation of Urals oil via the Baku-Tbilisi-Ceyhan pipeline, from which it could be delivered to the oil refineries in Italy and Germany, in which Rosneft has its own shares.
Abdullayev also said that SOCAR and Rosneft and interested in implementation of trading operation projects. In particular, Rosneft is interested in SOCAR's possibilities in Fujairah (UAE), Ceyhan (Turkey), African countries, Singapore and others, where SOCAR has possibilities for storage of oil cargoes. The possibility of refining part of the oil, which will be transported to Azerbaijan via the Baku-Novorossiysk pipeline, is also considered, reported Russian Prime news agency.-0--
Economics
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The minimum wage in Azerbaijan, currently set at 345 manats, will be increased at the beginning of 2025 to meet the country’s international obligations. This was announced by economist and Member of Parliament Ali Mansimli during an interview with TV channel "24". According to him, the current minimum wage level does not meet the requirements of several international documents, which state that the minimum wage should be at least 60% of the average salary, which is 1000 manats. This means that the minimum wage in Azerbaijan should be 600 manats; however, it currently stands at only 34% of the average salary.
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The Cabinet of Ministers of Azerbaijan approved a series of amendments on September 25, to the laws regulating the circulation of medicinal products, as part of the implementation of the "Law on Amendments to the Law on Medicinal Products of the Republic of Azerbaijan" adopted on July 14, 2023. These amendments aim to align national legislation with international standards and strengthen the regulation of pharmaceutical product circulation in the country.
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The Ministry of Digital Development and Transport of Azerbaijan has approved a new regulation titled "Flight Operations Preparation Rule," aimed at enhancing the safety and efficiency of civil aviation activities. Decision number 3-27/3-7-16/2024 was adopted by the ministry’s collegium on September 12, 2024, in accordance with the law "On Aviation" dated December 22, 2023.
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The Ministry of Digital Development and Transport of the Republic of Azerbaijan approved a comprehensive set of airworthiness regulations aimed at ensuring the safety and reliability of the country’s civil aviation sector.
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