Armenia is ready to discuss the possibility of delivery of Iranian gas, if its price is below $189 (Armenia buys Russian gas at the same price), said Armenian Minister of Energy and Natural Resources Armen Movsisian on December 12, 2013 after the session of the government, reported REGNUM news agency’s correspondent.
Minister said he is ready to discuss the price with the Iranian Ambassador to Armenia. “If Iranian gas is cheaper, than Russian, then I will fly to Tehran tomorrow to conclude the agreement. We are free to choose the gas supplier, we have no strict commitments to Russia, as other countries consuming Russian gas do,” Movsisian said.
The gas pipeline Iran-Armenia, which was put into operation in 2007, has the carrying capacity of 2.2 billion cub.m. a year. At present gas is imported via the pipeline in exchange for electricity – 1 cub.m. of gas for 3 kwh of power.—0—
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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