Georgian authorities uncover $5.5 million illegal oil operation at Batumi Terminal
Georgian investigators have apprehended Batumi oil terminal executives involved in unauthorized petroleum sales totaling millions of dollars.
Economy
Armenia approves 2026 budget
The Armenian legislature has ratified next year's national budget featuring a $1.4 billion deficit spending and projected 5.4% economic expansion.
VTB: Russia to increase gas supplies to China by 1.5 times
VTB Bank has forecast a significant rise in Russian gas supplies to China by 2030, with total pipeline exports projected to reach 56 billion cubic meters annually.
Armenia to receive over $170 million from IMF
The International Monetary Fund (IMF) has approved credit support of over $175 million for Armenia, with disbursements scheduled over a three-year period.
Astana: no restrictions on oil exports via Caspian Pipeline Consortium
Oil transportation through the Caspian Pipeline Consortium continues as normal, Kazakhstan's Vice Minister of Energy Yerlan Akbarov said during a briefing in the Senate.
Ankara extends gas agreements with Moscow for one year
Turkey finalised a one-year extension of its two expiring gas import contracts with Russia that total 22 bcm, Turkish Energy Minister Alparslan Bayraktar said.
Georgia announces November Inflation Rates
Food prices saw the largest increase
Türkiye's inflation cools to lowest
Inflation in Türkiye eased to its lowest in four years in November, official data showed, with both annual and monthly readings coming in below expectations, primarily due to food prices.
Azerbaijan and Türkiye discuss pharmaceutical cooperation development
Azerbaijan’s Minister of Economy Mikayil Jabbarov and chairman of the Board of the Turkish company GEN İlaç ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş. Abidin Gülmüş discussed a pharmaceutical factory project in Azerbaijan.
"North-South" becomes Russia's key infrastructure project
The development of the International North-South Transport Corridor is a priority for the Russian government, Russia's Economic Development Minister Maxim Reshetnikov said at the VTB 'Russia Calling!' investment forum.
Armenian NPP maintenance completed ahead of schedule
The Armenian Nuclear Power Plant has fully restored capacity following a scheduled mid-life maintenance of its turbine units, the plant's press service said.
Anton Siluanov: dollar exchange rate not to strengthen against ruble
Russian Finance Minister Anton Siluanov has expressed the view that the ruble's current exchange rate may persist into the future, describing it as balanced.
EU to invest 500 mln euros in Armenia
The European Union will invest 500 million euros in the diversification and reinforcement of Armenia's energy security, European Commissioner for Enlargement Marta Kos said.
Non-oil sector projected to become Azerbaijan's budget basis by 2029
Azerbaijan expects non-oil and gas sectors to reach 63% economic contribution next year, with further expansion targeting 70% share within several years.
Thai operator to manage Dombay's Amanauz hotel
The Amanauz Hotel under construction in Dombay will join the prestigious Dusit Collection brand and will be managed by a Thai hospitality company.
Mirziyoyev inspects work at Jizzakh NPP
Uzbekistan has approved a localization plan for the nuclear power plant under construction by Rosatom in Jizzakh. The project is expected to significantly boost the region's development.
EU holding talks on Zangezur Corridor - Marta Kos
European Commissioner for Enlargement Marta Kos said that the EU views the Zangezur Corridor project within a broader contex
Iraq rejects Lukoil's participation in West Qurna 2 development
Iraq plans to invite a select group of major U.S. oil companies for direct negotiations over the acquisition of Russia's Lukoil’s stake in the giant West Qurna-2 oil field.
U.S. offers returning Russia's assets frozen by West - report
The U.S. administration has opposed the European Union’s initiative to use frozen Russian assets to fund Ukraine via a reparations loan, Politico reported, citing senior European diplomats.
Gazprom discussing extension of gas contracts with Turkey
Gazprom is discussing gas contracts with its Turkish partners and the possibility of extending them into next year, Russian Deputy Prime Minister Alexander Novak said.
