Russian Deputy Energy Minister Anatolii Yanovsky and EU Energy General Director Dominique Ristory coordinated the principles of operation of the group, which is in charge of solution of the issues related to the South Stream gas pipeline operation on the territory of EU, Sabine Berger, official representative of the European Energy Commissar, tod RIA Novosti.
“The following parameters of the working group have been coordinated at the meeting: the goal of the group was to find the legal framework of the South Stream gas pipeline operation in EU, which will meet requirements of the European legislation,” Berger said.
She said the “the main juridal issies, which wil be discussed, are property of the gas pipeline, distribution of volumes and regulation of prices, considering economic aspects of the gas pipeline.”
The working group’s composition has been also coordinated and the sides have agreed that the work will start immediately.
On December 6, 2013 the Russian Ministry of Energy reported that it has received an official letter from the European Commission saying that it is necessary to revise the contracts concluded with the transit-countries for the gas pipeline construction. EU believes that the bilateral agreements on South Stream with some European countries, including Austria, Bulgaria, Hungary, Greece, Slovenia, Croatia and Serbia, violate the EU legislation. European Commission expects their revision.—0--
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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