The government intends to transfer the JSC «Dashkesan Filizsaflashdirma» (Dashkesan Mining Plant) in good hands for $ 1 billion. According to the State Committee for Property Affairs, the problem can be solved through the tender announced in the framework of privatization. For these purposes will be attracted an independent consultant, who will develop a series of proposals for investment competition, including the final amount of financial investments, a detailed feasibility study and related research in the field of marketing.
The government has long planned modernization of the enterprise, however, indices which fell sharply (from $ 146 to $59.83 per ton - data for the evening August 12, 2016), the international price of iron ore concentrate influenced the intention to export the products. According to the State Customs Committee, the total exports in January-June this year amounted to $ 3.82 billion, of which the export of ore accounted for $ 6.54 million, or about 104,000 tons, which is twice more than last year. --17D-
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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