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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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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Azerbaijan's Ministry of Energy hosted a regular meeting of the commission established by the Presidential Decree on additional measures for renewable energy projects. The commission, chaired by Energy Minister Parviz Shahbazov, focused on progress under the "Green World Solidarity Year."
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Azerbaijani Prime Minister Ali Asadov signed a decree on July 25 aimed at optimizing the integration and management of financial data across various government agencies. The new measures, outlined in Decree No. 360, mandate detailed reporting and data exchange protocols for different institutions.
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