On 2 August the SOCAR president Rovnag Abdullayev was received by the Turkish President Erdogan within the frameworks of the international high-level forum of investors. During the meeting they discussed issues on implementation of joint economic projects, press service reported. Erdogan praised the activity of SOCAR in Turkey. During the meeting of Abdullayev with the Energy Minister Berat Albayrak were touched the joint projects. The parties noted that the recent military coup attempt has not had a negative impact of the implementation of projects in Turkey and all are continuing in accordance with the approved schedule. In particular, it concerns the TANAP and STAR projects, engineering work successfully continue without delay, Albayrak said. The sides also touched upon the situation around the petrochemical company Petkim (controlling interest belongs to SOCAR), whose leaders were arrested on charges of having links with supporters of Fatullah Gulen. According to Albayrak, the events around Petkim have nothing to do with of SOCAR, and were the result of an investigation attempts of the coup.-03D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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