The final decision of the Azerbaijani consortium on the development of “Shah Deniz” gas field delivering gas to the European market will be officially announced on June 28 in Baku.
According to the consortium "Shah-Deniz", the ceremony of announcement will take place at 11:00 am at the Four Seasons. The event will be attended by the shareholders of the "Shah-Deniz" project, the management of State Oil Company of Azerbaijan, as well as representatives of the diplomatic corps.
It became known on June 26 that a consortium of "Shah-Deniz" chose the Trans Adriatic Pipeline (TAP) as the route for delivering the Azerbaijani gas to Europe; TAP passes through the territories of Greece, Albania and Italy. --12B--
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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