In the capital of Turkmenistan met the country's president, Gurbanguly Berdimuhamedov and the head of SOCAR Rovnag Abdullayev, Turkmen media reported.
The purpose of the meeting was to discuss cooperation in the energy sphere. Details of the meeting were not disclosed, however, information on Turkmen television stated that the parties intend to "work together to solve issues of global energy security."
In this regard, the constructive strategy of Turkmenistan to create multiple-choice system of export pipelines was mentioned. Rovnag Abdullayev confirmed the "deep interest" of Azerbaijan to strengthen business ties with Turkmenistan for the sustainable economic development of the Caspian region.
The sides discussed the possibility of Azerbaijan's participation in the projects of Turkmen oil and gas processing and production of fuels and lubricants.
Recall that this is the second meeting of the head SOCAR with President Berdimuhamedov this year. Prior to this, FM of Turkmenistan visited Baku. The main theme of all these negotiations was the transportation of Turkmen energy resources to Europe via Azerbaijan, the possibility of building a trans-Caspian gas pipeline, settlement of the disputed oil fields in the Caspian Sea, and joint projects in the energy sector.
Based on estimates from the official media of both countries, the outcome of the negotiations suggests reaching agreements in principle.
In the case of settlement of the above problems, it will be possible to speak of a breakthrough not only in bilateral relations, but in a major change in the geopolitical situation in the Caspian region as a whole. So, connecting Turkmenistan with its huge reserves of gas and oil with the infrastructure of the Southern energy corridor would significantly strengthen the position of Turkmenistan and Azerbaijan on the world oil and gas markets. -02D-
Economics
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Azerbaijan’s State Agency for Tourism has inspected more than 300 hotels and lodging establishments across Baku, Sumgait, and the Absheron district as part of its preparations to accommodate international visitors attending the upcoming COP29 climate summit. Approximately 220 of these locations have now received an official star rating, with 10 hotels designated as five-star, 20 as four-star, and the remainder across other star ratings.
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For several months now, there have reportedly been delays in the disbursement of pensions and social payments in Azerbaijan. Pensioners say that the delays range from three to five days. For example, they emphasize that while disability pensions used to be paid by the 15th of each month earlier in the year, for the past three months, payments have been made on the 20th or 21st.
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Azerbaijan's revenues from tobacco exports have skyrocketed, with earnings from the first eight months of 2024 reaching $15.6 million, a nearly fivefold increase from $3.2 million during the same period last year. The sharp rise highlights the expanding international demand for Azerbaijan's tobacco products.
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Azerbaijan imported 11,100 tons of tea worth $57.9 million in the first nine months of this year, according to the State Statistics Committee, marking a 14.4% rise in volume and a 13.9% increase in value compared to the same period in 2023. However, with only 500 tons of tea exports totaling $4.8 million, Azerbaijan remains heavily dependent on imported tea, which meets 98% of domestic demand.
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