US have decided to start limited deliveries of crude light oil to Mexico in exchange for heavier oil. Experts say that the contract will be beneficial for the both sides.
Reuters reported quoting a high ranking official from the Barack Obama administration that the US will begin limited oil deliveries to Mexico.
The official added that the US Department of Commerce “highly considers several proposals” on crude oil deliveries to Mexico in exchange for Mexican oil import to the US. The Reuters experts say that such swaps is one of the few forms of the US oil export allowed within the framework of almost total ban on the US oil deliveries abroad.—0—
Economics
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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Economist Gubad Ibadoglu provides a sobering analysis of Azerbaijan’s economic prospects as 2025 begins, highlighting a landscape marked by declining oil prices, rising inflation, and expectations of manat devaluation. These pressures, he notes, are poised to undermine real GDP growth, weaken investment, and exacerbate unemployment and poverty rates.
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Azerbaijan's Ministry of Emergency Situations has announced amendments to several regulatory documents in compliance with the country's updated administrative procedure law. The decision, signed by Minister Kamaladdin Heydarov, aims to streamline operations and enhance alignment with the nation's e-Government framework.
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President Ilham Aliyev's recent move to consolidate state-owned transport and telecommunications companies under the newly established holding AZCON is being interpreted as a step toward eventual privatization, according to Osman Gunduz, head of the Multimedia Association and a prominent industry expert.
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