Day: May 13, 2023

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Kuwait Fund to allocate $1 million to Kyrgyzstan for water supply project

The Kuwait Fund for Economic Development is ready to sponsor water supply projects in Kyrgyzstan. Press service of the Ministry of Finance reported.

Meeting of the First Deputy Chairman of the Cabinet of Ministers Adylbek Kasymaliev and the Minister of Finance Almaz Baketaev with the Director of the Operations Department of the Kuwait Fund for Economic Development Abdulla Al-Musaibih took place at the site of the annual meeting of the Board of Governors of the Islamic Development Bank.

Adylbek Kasymaliev proposed to consider implementation of projects in the development of the water supply and sanitation system in Kyrgyzstan, which will improve the social level of the population.

The Kuwaiti side informed about the possibility of approving grant and technical assistance for the development of a feasibility study for infrastructure projects in the amount of $1 million, which will provide maximum assistance in the sustainable implementation of joint projects with the Kuwait Fund.

The parties noted the need to step up joint efforts to achieve effective cooperation.

Source: 24.kg News Agency

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Azerbaijani ministry of economy reveals list of agencies not included in its authority

The list of subordinate institutions that are not part of the structure of the Ministry of Economy of Azerbaijan has been amended, Trend reports.

The corresponding decree was signed by Azerbaijani Prime Minister Ali Asadov.

According to the resolution, the list includes a legal entity of public law "State Agency on Vocational Education" under a legal entity of public law "The Economic Zones Development Agency".

Source: Trend News Agency

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SOFAZ and SOCAR delegation visit Heydar Aliyev drilling rig

A delegation of SOFAZ (the State Oil Fund of the Azerbaijan Republic) and SOCAR (the State Oil Company of the Azerbaijan Republic) visited the Heydar Aliyev rig which is currently drilling a new exploration well (SDX-8) in the eastern flank of the Shah Deniz field. The delegation included Israfil Mammadov, SOFAZ CEO and a member of SOCAR Supervisory Board, and Rovshan Najaf, President of SOCAR, accompanied by Gary Jones, bp's regional president for Azerbaijan, Georgia and Trkiye, as well as a group of SOFAZ, SOCAR and bp senior executives. The purpose of the visit was to see firsthand the progress of the drilling acitivities and to meet the personnel onboard the rig to discuss the current status of operations and safety performance. The delegation toured the facility receiving full updates on the overall functioning mechanism and safe, efficient and reliable operational processes of this unique to the Caspian modern drilling facility. The three leaders then had a staff townhall on board the rig during which they discussed safety, operational performance and other business-related questions. They thanked the rig personnel for their outstanding job and commitment to safety and recognised a group of people for their excellent performance, delivery and exceptional dedication to safe and reliable operations. The SDX-8 well, which was spudded in January 2023, aims to provide a clearer understanding of drillability, producibility and resource potential of the deeper horizons beneath the currently producing reservoirs in the eastern flank of the Shah Deniz field. It is planned to drill the well to a total depth of around 7,000 meters. The well will take approximately one year to drill and a further testing programme could extend the well's duration in order to evaluate the results.

Source: Azerbaijan State News Agency

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IEA’s Birol talks spending needed to cut GHG emissions in global oil&gas industry

Upfront spending of around $600 billion is required to reduce greenhouse gas emissions in the oil and gas industry by 60 percent until 2030, Fatih Birol, Executive Director of the International Energy Agency (IEA) said in his article, Trend reports.

"Emissions from oil and gas operations alone account for a considerable chunk of the global total. Taking oil and gas out of the ground, processing it and delivering it to consumers accounts for almost 1 percent of global energy-related emissions – that’s more than all the emissions produced by the United States or twice the emissions of the entire European Union. Our latest report shows how the oil and gas industry can reduce these emissions by 60 percent between now and 2030. This would require upfront spending of around $600 billion – much less than the trillions of dollars the industry accrued last year off the back of record high energy prices," he said.

According to the executive director, those oil and gas companies that have so far announced plans to reduce emissions from their operations, in fact, account for less than half of world production.

And many of the commitments made are vague or lack clear strategies to achieve them, especially for the crucial period between now and 2030, Birol said, noting that more ambitious targets, concrete plans and strong accountability are needed to achieve significant reductions in the oil and gas industry and beyond.

"The industry can and should reinvest some of those profits to help the world reach net zero emissions and keep the goal of limiting global temperatures to 1.5 °C within sight. The oil and gas industry today has the technologies, resources and expertise to cut emissions from its operations dramatically – and at relatively little cost," he added.

Source: Trend News Agency

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Weekly review of Azerbaijan’s precious metals market

The price of an ounce of gold in Azerbaijan has decreased by 22.491 manat (0.65 percent) this week, Trend reports.

The average price of one ounce of gold increased by 15.8593 manat (0.46 percent) in comparison to the previous week and totaled 3,441.1451 manat.

Change in price of one ounce of gold

May 1

3,372.0520

May 8

3,441.3100

May 2

3,369.1790

May 9

3,441.3100

May 3

3,427.4550

May 10

3,452.9720

May 4

3,473.9755

May 11

3,451.3145

May 5

3,483.7675

May 12

3,418.8190

Average weekly

3,425.2858

Average weekly

3,441.1451

The price of an ounce of silver in Azerbaijan has declined by 2.8948 manat (6.62 percent) this week.

The average price of an ounce of silver totaled 42.9626 manat, which was 0.1865 manat (0.43 percent) more compared to the preceding week.

Change in price of one ounce of silver

May 1

42.6496

May 8

43.7385

May 2

42.2246

May 9

43.7385

May 3

42.9672

May 10

43.4959

May 4

43.7017

May 11

42.9964

May 5

44.2026

May 12

40.8437

Average weekly

43.1491

Average weekly

42.9626

The price of an ounce of platinum in Azerbaijan has increased by 30.634 manat (1.68 percent) this week.

The average price of an ounce of platinum grew by 54.0923 manat (3 percent) compared to the previous week and totaled 1,857.7821 manat.

Change in price of one ounce of platinum

May 1

1,826.1230 May 8 1,8213630

May 2

1,789.4710 May 9 1,821.3630

May 3

1,811.2225 May 10 1,893.8935

May 4

1,804.5160 May 11 1,900.2940

May 5

1,787.1165 May 12 1,851.9970

Average weekly

1,803.6898 Average weekly 1,857.7821

The price of an ounce of palladium has increased by 81.5235 manat (3.17 percent) in Azerbaijan this week.

The average price of one ounce of palladium grew by 152.218 manat (6.12 percent) in comparison to the preceding week and totaled 2,640.8361 manat.

Change in price of one ounce of palladium

May 1

2,542.9705 May 8 2,574.4545

May 2

2,492.3105 May 9 2,574.4545

May 3

2,453.4740 May 10 2,668.6770

May 4

2,462.3395 May 11 2,730.6165

May 5

2,491.9960 May 12 2,655.9780

Average weekly

2,488.6181 Average weekly 2,640.8361

Source: Trend News Agency

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Urmat Samaev dismissed from post of mayor of Tokmak

Urmatbek Samaev was relieved of his post as mayor of Tokmak city. Spokesman for the President Erbol Sultanbaev said.

According to him, Sadyr Japarov signed the corresponding order based on the letter of resignation submitted earlier by Urmat Samaev.

Mayor of Tokmak was detained on April 17. According to investigators, the official is involved in organizing a sustainable corruption scheme at Tokmok Zhyluuluk municipal enterprise, in particular, illegal connection of private houses in the city to the central heating main, where part of the proceeds was transferred to the latter.

Urmat Samaev was released from the pre-trial detention center on April 29. This decision was made by the Oktyabrsky District Court of Bishkek after he signed an agreement with the investigation and paid 25 million soms in damages to the state budget.

Source: 24.kg News Agency

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Announcement of Azerbaijan’s Shusha as cultural capital is very important event for Turkic world – OTS SecGen

The announcement of the city of Shusha as the cultural capital of the Turkic world is a very important event not only for the ancient Turkic city, which was occupied for many years, but also for the entire Turkic world, Secretary General of the Organization of Turkic States Kubanychbek Omuraliev said, Trend reports.

Omuraliev made the remark at the opening ceremony of the "Year of Shusha – the cultural capital of the Turkic World – 2023" event.

Minister of Culture of Azerbaijan Adil Karimli, Special Representative of the President of Azerbaijan in the Shusha district Aydin Karimov, Secretary General of TURKSOY (International Organization of Turkic Culture) Sultan Raev, and Ambassador of Azerbaijan to Russia Polad Bulbuloghlu also spoke at the event.

Omuraliev noted that the "Cultural Capital of the Turkic World" initiative plays an important role in the preservation and promotion of Turkic culture, and the sphere of culture is the common identity of the Turkic peoples.

He also informed about the projects that the Organization of Turkic States will implement in Shusha during 2023 and the activities that will be implemented in the coming period.

On March 31, 2022, in the city of Bursa of Türkiye, by the decision of the Permanent Council of Ministers of Culture of the TURKSOY member countries, the city of Shusha, the ancient cradle of mugham art, was declared the "Cultural Capital of the Turkic World" for 2023.

The foundation of the "Cultural Capital of the Turkic World" project was laid in 2010 at the 10th Summit of the Heads of the Turkic Speaking States, held in Türkiye's Istanbul.

According to their common decision, every year one city of the Turkic world is declared as the "cultural capital".

Over the years, the cities of Astana (2012, Kazakhstan), Eskisehir (2013, Türkiye), Kazan (2014, Tatarstan – Russia), Merv (2015, Turkmenistan), Shaki (2016, Azerbaijan), Turkestan (2017, Kazakhstan), Kastamonu (2018, Turkey), Osh (2019, Kyrgyzstan), Khiva (2020, Uzbekistan) and Bursa (2022, Türkiye) have been declared the "cultural capital of the Turkic world".

Azerbaijan's Shusha is the 11th city of the Turkic world, which became the capital of the year of the Turkic world.

Source: Trend News Agency

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Swedish travelers visit Aghali village of Azerbaijan’s Zangilan district

The group of international travelers from the Swedish 'Club100' organization have today visited the Aghali village of Zangilan district, liberated by valiant Azerbaijani army, as part of their visit to Azerbaijan's Karabakh and Eastern Zangazur regions. AZERTAC's regional correspondent reports that the Swedish travelers were accompanied by the employee of the Special Representative Office of the President of the Republic of Azerbaijan in Zangilan district, which is included in East Zangezur economic region. The visitors were informed about the history of Zangilan district, which was occupied by Armenia for 27 years. All 5 settlements and 79 villages of the district as well as the city center were completely destroyed, and its people were displaced from their homeland and became internally displaced people (IDPs). Moreover, the residences, historical cultural and religious monuments were also destroyed during the occupation. Armenia has also committed severe ecocide in the formerly occupied territories of Azerbaijan. Several thousands hectares of forests have been destroyed, 300-year-old plane as well as walnut and oak trees cut down and taken away. As a result of the counter-offensive operation dubbed as 'Iron Fist' launched by the Azerbaijan Army on September 27, 2020, Zangilan district was liberated from the Armenian occupation. Following the liberation of the district, the 'Great Return' program is being successfully carried out by Azerbaijan, which aims to return the former IDPs to their native lands. A total of 86 families (420 people) have been so far relocated to the Aghali village of Zangilan district as part of the 'Great Return' program. The travelers were also informed about the rapid progress of the construction of Horadiz-Aghband railway and Ahmadbayli-Horadiz-Minjivan-Aghband highway passing through the territory of Zangilan. It was noted that the Zangilan International Airport, the construction of which started in April 2021, was inaugurated with the participation of President of Azerbaijan Ilham Aliyev and President of Trkiye Recep Tayyip Erdogan. The Swedish travelers also familiarized themselves with the necessary infrastructure created in the village.

Source: Azerbaijan State News Agency

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Death toll in Kenya starvation cult climbs to 179

Kenya police on Friday found 29 more bodies in Shakahola Forest, the highest daily count since exhumations began last month, in the probe into cult leader Paul Mackenzie, according to The EastAfrican. The second phase of exhumations began this week, after a team led by the chief government pathologist Johansen Oduor finished examining 112 bodies. The exercise had been suspended due to heavy rains in the area. Police also reported on Friday that there were no rescues and that the number of suspects arrested over the deaths of members of Mackenzie's church remained 25. The number of people reported missing continued to rise reaching 609. Detectives also said that focus was going to shift to Mackenzie's homestead. Police believe most of the bodies are of Mackenzie's followers, whom he allegedly ordered to starve to death 'to meet Jesus'. While starvation appears to be the main cause of death, some of the victims including children were strangled, bludgeoned to death or suffocated, according to Oduor.

Source: Azerbaijan State News Agency