The state-run concern Turkmengas will conclude a contract with British Petro Gas LLP to build the infrastructure on the crossing of the second branch of the Turkmenistan-China gas pipeline with Amu Darya river.
Turkmenistan President Gurbangulu Berdymohammadov has signed the decree to increase Turkmen natural gas export to the foreign countries.
Construction is planned to begin in November 2013 and the object is planned to be put into operation in March 2015.
At the last session of the government Berdymohammadov confirmed Turkmenistan’s determination to establish an intergovernmental dialogue with China – a long-term strategic partner, reads the statement of the Turkmenistan government.
Turkmenistan is among the key players at the energy market in the Caspian region and it has been exporting gas to Russia and Iran for a long time. The route to China was opened in 2009 and at present China is among the biggest buyers of Turkmenistan gas and it is going to increase the annual import up to 65 billion cub.m. of gas.—0---
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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