During 9 months, 2014 BP and its partners in the ACG have increased the volume of associated gas, which is extracted together with oil from the offshore bloc, handed over to the Azerbaijani side.
Gordon Birrell, BP-Azerbaijan President, told journalists that from January to September 2014 the consortium handed over 2 billion cub.m. of associated gas to State Oil Company of Azerbaijan (SOCAR).
Turan reported that during 9 months, 2013 SOCAR received 1.62 billion cub.m. of associated gas from the consortium within the ACG project.
According to the conditions of the Contract of the Century, associated gas is handed over to Azerbaijan free of charge.
* According to SOCAR, during 2013 Azerbaijani population consumed 2.23 billion cub.m. of gas.—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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