The third meeting of the Consultative Council for the project Southern Gas Corridor (SGC) will be held in 2017, said the Minister of Energy Natig Aliyev.
‘The next meeting of the Advisory Council on the draft SGC will be held next year,’ the Minister said.
As previously reported, the first meeting of the Consultative Council on the SGC was held in Baku in February 2015, and the second – also in Baku in February 2016.
The project Southern Gas Corridor provides for the establishment of pipeline infrastructure to transport Azerbaijani gas produced within Stage 2 of Shah Deniz to Europe via Turkey. -0--
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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