Tajikistan boosts Central Asian fuel imports as Russian supplies dwindle
Tajikistan tripled fuel imports from neighbouring Central Asian countries in July after deliveries from Russia declined sharply, underscoring how disr...
Azerbaijan’s Deputy Foreign Minister Yalchin Rafiyev says COP31 in Türkiye will strengthen regional climate cooperation, with Baku ready to share its COP29 experience and coordinate the upcoming agenda with Ankara.
“Hosting COP31 in fraternal Türkiye is, above all, a source of pride for our country and offers an opportunity to once again draw the international community’s attention to the region’s climate challenges, following Azerbaijan’s lead. Türkiye is implementing numerous global climate initiatives, notably the Zero Waste initiative launched by First Lady Emine Erdoğan, which has gained international recognition. Its wider promotion at COP31 will be significant for both Türkiye and Azerbaijan. COP31 will also mark a key milestone for Azerbaijan’s deeper engagement in climate diplomacy, with ongoing discussions between the two countries to coordinate the agenda,” said Azerbaijan’s Deputy Foreign Minister and COP29 Lead Negotiator Yalchin Rafiyev.
Rafiyev added that Azerbaijan, having gained substantial experience through COP29, is fully prepared to share its expertise with its fraternal nation as Türkiye prepares to host COP31 for the first time. He noted that Azerbaijan has already demonstrated readiness at both ministerial and technical levels, with Türkiye expected to extend a formal invitation to the Azerbaijani delegation soon. Once the visit takes place, the two sides are expected to outline specific areas for joint cooperation.
U.S. President Donald Trump said there was an "all-day negotiation" on Tuesday with Iran, characterising the talks positively while also threatening to hit Iran "really hard" if a deal was not reached.
Shipping traffic through the Strait of Hormuz and the Bab el-Mandeb Strait, two key maritime chokepoints in the region, decreased significantly from the previous day, according to shipping data.
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U.S. President Donald Trump said negotiations to reopen the Strait of Hormuz are progressing and suggested an agreement with Iran could be reached “soon”.
Kazakhstan’s main oil export corridor was disrupted by drone strikes near Russia’s Black Sea coast in July, forcing a temporary suspension of crude loadings and raising fresh concerns over the vulnerability of regional energy infrastructure to the war in Ukraine.
Azerbaijan’s State Oil Fund (SOFAZ) has made its first investment in Latin America, acquiring an indirect stake in Peru’s largest independent electricity producer, Inkia Energy, as part of its strategy to diversify its global investment portfolio.
Uzbekistan and Kazakhstan will remove tariff and non-tariff barriers affecting around 20 product categories from 10 August, in a move designed to facilitate cross-border trade and support businesses in both countries.
President Masoud Pezeshkian has defended his administration's economic performance under longstanding Western sanctions and severe wartime conditions, saying barter trade with neighbouring countries has expanded to help Iran cope with financial restrictions, according to his office.
Armenian Prime Minister Nikol Pashinyan has said that Armenia currently has no option to join the European Union as an alternative to its membership in the Eurasian Economic Union (EAEU).
Tajikistan tripled fuel imports from neighbouring Central Asian countries in July after deliveries from Russia declined sharply, underscoring how disruptions to Russian exports are prompting governments across the region to seek alternative suppliers.
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