Sudan is willing to use Azerbaijan’s experience in the oil and gas industry and develop cooperation with State Oil Company of Azerbaijan (SOCAR), Ministers of Sudan said at the meeting with SOCAR President Rovnag Abdullayev at the end of last week in Baku. Sudan’s Ministers have arrived in Baku to take part at the Third International Humanitarian Forum.
Sudan’s Minister of Science, Technology and Telecommunication Rza Bushra Mohammad said that as a Muslim country Sudan is proud of Azerbaijan’s rapid development. He said opening of the embassy of Sudan in Baku will give an impetus to development of trade and economic relationships.
Abdullayev mentioned Azerbaijan’s achievements in the oil and gas production and the latest important events in this area in the past 20 years.
He said that during the period of independence SOCAR has proved to be a reliable partner and it is ready to share its experience in various fields of oil industry with its brotherly country.—0-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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