State Oil Company of Azerbaijan (SOCAR) is interested in new investments into the European Union’s (EU) economy, SOCAR Vice President for Investments and Marketing Elshad Nasirov said at the meeting in Brussels devoted to discussion of the Southern Gas Corridor on December 9, 2014.
Nasirov added that EU must provide strategic support to the non-European investors.
“Although the volume of Azerbaijani gas is small for Europe, its export will help to solve the problems with gas supplies in the countries-consumers,” Nasirov said speaking about the Southern Gas Corridor.—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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