The Turkmenistan authorities consider the possibility of purchase of toil tankers and cargo vessels.
The Turkmenistan State Service of Marine and River Transport will order oil tankers to transport oil and oil products, as well as cargo and passenger ferries and towing vessels.
The issue has been discussed at the session of the Cabinet of Ministers. Turkmenistan President Gurbangulu Berdymohammadov has stressed the urgency of expanding possibilities of international oil and oil products transportation.
Turkmenistan borders on Azerbaijan, Russia, Kazakhstan and Iran on the Caspian Sea. The regional transportation projects have become active here in the past years.
The upgraded large-capacity vessels of the Turkmenistan trade flotilla are involved in cargo transportation on the Caspian Sea servicing the international routes from the Turkmenbashi port to the Caspian basin countries ports.—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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