Patrick Puyanne, head of the French Total oil and gas concern, urged to avoid politicization of Russian gas export to Europe.
“I would like to emphasize Russia’s role at the world gas market. Russia occupies the first place in the world. Russian gas is delivered to Europe via Ukraine and there is too much politics in this issue,” he said at the opening ceremony of the World Gas Congress 2015 in Paris.
He urged to find compromise and find a diplomatic solution, because Russia is an important business partner of Europe.
He reminded that Total owns a share in the Russian LNG project – Yamal LNG.
Puyanne also said that Europe will certainly increase share of the renewable sources of power, but the role of non-renewable sources will remain significant and “one should not compare them.”—0—
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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