SOCAR will increase gas export to Georgia in winter by 50 mcb, reads SOCAR’s web site.
The same source reported that after Georgia’s request to increase gas export to Georgia, SOCAR has had talks with the shareholders of the consortium of Shah Deniz and the South Caucasian pipeline (Baku-Tbilisi-Erzerum).
“During the talks we have agreed to revise the seasonal limitations envisaged by the contract on gas export from the Shah Deniz field to Georgia. According to the new agreement, gas export to Georgia will be increased by at least 50 mcb,” said the same source.
In 2015 Azerbaijani gas export to Georgia from the Shah Deniz Phase 1 totaled 721 mcb (growth by 5.3%).—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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