At the session of the Azerbaijani-Italian intergovernmental legal commission on economic cooperation, which will be held in Rome on June 13, Claudio De Vincenti, State Secretary of the Council of Ministers of Italy, will make a report about the project of construction of the Trans Adriatic gas pipeline (TAP), reported Ministry of Energy of Azerbaijan.
Energy Minister Natig Aliyev and Giampaolo Cutillo, Italian Ambassador to Azerbaijan, discussed preparation to the session of the Commission yesterday.
The previous session of the Azerbaijani-Italian Commission on Economic Cooperation took place in Baku on December 16, 2013.
According to the Italian Statistic Institute, during 2015 trade turnover between the two countries totaled 2,842,100,000 Euro.
Economic cooperation between Azerbaijan and Italy is based on the energy cooperation. Azerbaijan is the second oil exporter to Italy. 20% of total oil consumption in Italy falls on Azerbaijani oil.—0—
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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