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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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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