SOCAR to deliver diesel fuel to the amount over $10 million to Ukrainian market
SOCAR has won tender of the Ukrainian Railway joint stock company (JSC) to buy 14,080 tons of diesel fuel to the amount over $10 million through SOCAR Energy Ukraine, daughter company of SOCAR, reported Ukrainian media.
During 6 months, 2016 SOCAR exported 389,022 tons of diesel fuel against 419,085 tons during the same period last year.
In Ukraine SOCAR is represented by the daughter company SOCAR Energy Ukraine and has a network of 58 petrol stations.—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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