As there is a big gap in price and reliability of deliveries between the countries in the middle of Europe and those on the outlying provinces of Europe, it is necessary to find the ways to connect the Caspian region with the European Union, Elshad Nasirov, Vice President of State Oil Company of Azerbaijan (SOCAR) for Investments and Marketing, said at the meeting with the members of the American Chamber of Commerce in Azerbaijan (AmCham).
“This is a challenging, if not the most challenging task in the world,” Nasirov said.
He said: “A lot can be said about the Southern Gas Corridor and we need to think what this corridor means for Europe and the world market. The European Union needs a higher level of security and energy safety cannot be separated from the national security of any country. It becomes obvious that energy is equal to a national security of any country,” he added.
* At the end of February 2014 SOCAR joined a big family AmCham in Azerbaijan, which includes over 270 members.—0—
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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