US ExxonMobil and Chemlube INT Inc companies with participation of local specialists have worked out the project of reconstruction of the oil refinery in Turkmenbashi city, reported the Turkmenistan Ministry of Oil and Gas Industry and Mineral Resources.
The same source said that the US companies have worked out the project for reconstruction of the installation for manufacture of oils by introduction of the catalytic isodeparaffination process.
“As soon as the project is implemented, the plant will be able to increase production of oils by 100,000 tons a year and start manufacture of new types of the so-called hydro-synthetic oils,” the same source said.—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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