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Azerbaijan reduces oil export by over 5% this year

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Program of Lithuanian president’s visit to Azerbaijan revealed

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Lithuanian President Gitanas Nauseda will pay an official visit to Azerbaijan on May 18, Report informs referring to the Lithuanian presidential press service.

Nauseda is expected to hold a meeting with Azerbaijani President Ilham Aliyev in Baku.

During the visit, it is planned to discuss bilateral cooperation between Azerbaijan and Lithuania in the field of energy and economy, the security situation in the Caucasus region, cooperation between Azerbaijan and the EU.

The president of Lithuania will also take part in the Lithuanian-Azerbaijani business forum and meet with Prime Minister Ali Asadov.

After Azerbaijan, the president of Lithuania will visit Armenia.

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Azerbaijan, Iran mull prospects of co-op in book industry, literature

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The prospects for cooperation between Azerbaijan and Iran in the field of the book industry and literature have been discussed, Report informs referring to the Ministry of Culture of Azerbaijan.

As part of participation in the 33rd Tehran International Book Fair, the head of the Azerbaijani delegation, head of the book industry department of the Ministry of Culture Akif Marifli met with Vice President of the Tehran International Book Fair and Director of the Iranian House of Books and Literature Ali Ramezani.

The prospects for cooperation between the two countries in the field of the book industry and literature were discussed at the meeting.

The 33rd Tehran International Book Fair will last until May 21.

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EC may finance oil pipelines in Hungary to support embargo

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The European Union hopes to reach a consensus with Hungary on the embargo in the coming days to approve the sixth round of sanctions against Russia. The European Commission is in talks with Viktor Orban's government on an EU investment program that will help reduce the country's dependence on Russian oil.

Report informs, citing El Pais, that the plan will be accompanied by a transitional period to stop imports of Russian oil to some EU partner countries. This period is expected to be used for the construction of new infrastructure. The same sources are confident that a possible agreement between Brussels and Budapest will make it possible to approve the sanctions this or next week at the latest.

EU foreign ministers meeting in Brussels on Monday will discuss Hungary's veto, although diplomatic sources say there is no chance of overriding it.

However, Brussels is confident that Orban's support for the sanctions will be secured in the short term, thanks to multimillion-dollar commitments from European investment in Hungary's energy security.

EU sources are hopeful the deal follows Wednesday's approval of an updated EU plan, dubbed REPowerEU, to reduce dependence on hydrocarbons rapidly.

The draft document proposes to partially redirect numerous EU budget items, including cohesion funds and common agricultural policy, to projects on renewable energy, energy efficiency, and distribution infrastructure.

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