From July 2, 2013 gas transportation from Azerbaijan to Iran was suspended, because of the repair works on the Hajigabul-Astara gas pipeline, SOCAR press office reported yesterday.
“Gas supply of the Astara modular power station will be also suspended during the repair works from July 3 to 4, 2013,” reads the statement.
Azerbaijan delivers gas to Iran as a part of the swap operations to supply Nakhchivan Autonomous Republic (NAR) with gas since 2006. SOCAR hands over gas to the Iranian National Gas Company on the Azerbaijani-Iranian border in Astara and then receives the similar volume of gas on the Iranian-Nakhchivan border via the Khoy-Julfa pipeline. Iran imports additional 15% of the volume pumped to NAR for its services.—0--
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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