National Iranian Gas Company (NIGS) can buy Turkish gas distribution company Baskent Gaz, Reuters reported quoting the sources close to the situation.
Iran is the second after Russia natural gas supplier to Turkey. Purchase of Baskent will help to strengthen trade relationships, despite the sanctions imposed by the West on Iran, because of development of its nuclear program.
The deadline of submission of applications for purchase of the Turkish company is January 18, 2013. The details are unavailable.
SOCAR planned to buy the gas distribution station of the Turkish capital a year ago. SOCAR's representatives in Turkey claimed that with their own gas deliveries to the Turkish market they will be able to manage the gas distribution company Baskent Gas more efficiently.-0-
Economics
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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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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