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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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