EU energy projects to bring the Caspian and Europe closer

EU energy projects to bring the Caspian and Europe closer Revenue windfall ‘should result in increased social protection and education’ (AzerNews, November 15) – The European Union recently authorized the European Commission to open talks with Azerbaijan and Turkmenistan on the construction of the trans-Caspian gas pipeline. The negotiations are due to begin in October. The trans-Caspian pipeline is part of Nabucco, an EU-backed project seeking to pump gas from the Caspian... Read More

Iraq may join Turkish-Azeri gas pipeline project

Iraq may join Turkish-Azeri gas pipeline project Iraq may join the agreement signed by Azerbaijan and Turkey on plans to consider the construction of a new gas pipeline, an adviser to the Turkish Energy Ministry Salahaddin Cimen was quoted by Turkey’s Anadolu news agency as saying. “Iraq’s participation in this project as a gas producer is important for us,” Cimen told an oil and gas event in Iraq. He said the global demand for energy is growing, and Turkey’s... Read More

Inflation or Deflation?

Inflation or Deflation? State Statistic Committee of Azerbaijan announced deflation in Azerbaijan in October 2011 compared to September 2011 which was 0.5%. The report notes that in October, food prices grew by 0.1%, nonfood goods – by 0.4%, while services fell by 0.5%, according to a press release of the State Statistical Committee of Azerbaijan. According to the statistics for reporting month prices for flour, bread made from rye and mixed flour, buckwheat, eggs, lemons,... Read More