Since 2024 Shell company will extract oil and gas in Arctic, reported Singhua quoting the statement of Peter Wozer, Executive Director of the Oil and Gas Holding.
In one of his last interviews Wozer said that “Arctic is rich in oil and gas and the region will be explored.”
After series of halts and incidents during the exploration drilling in Arctic in 2012 Shell announced suspension of exploration in Arctic in 2013 to prepare the equipment and work out the plan to resume the operations later.
“Shell plans to start the exploration drilling in 2014 and 2015, but the issue has not been solved yet,” reported http://www.angi.ru.--0--
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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