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Negotiations on new EU-Azerbaijan agreement nearing completion: Tusk

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The President of the European Council Donald Tusk said on Tuesday that the talks on a new EU-Azerbaijan agreement were nearing completion, according to the state-run news agency AZERTAC.

Speaking at a press conference after his meeting with President of Azerbaijan Ilham Aliyev here, Tusk said: “In 2018 we adopted priorities for our partnership, and our negotiations on a Common Aviation Area Agreement, as well as on the new EU-Azerbaijan agreement, are close to completion.”

“Our economies will profit from them, and our political, business and cultural relations will deepen,” he added.

Tusk noted the importance of the Southern Gas Corridor, saying “it should bring our partnership to a higher level, directly benefit all our people, and accompany Azerbaijan’s own reform processes and economic diversification.”

He confirmed the EU’s readiness to further deepen its cooperation with Azerbaijan, underlining also the essential importance the organization attaches to the respect for the rule of law, human rights and fundamental freedoms.

Speaking of the unresolved Armenia-Azerbaijan Nagorno-Karabakh conflict, Tusk said “there is no military solution but only a political settlement in accordance with international law and principles.” He reaffirmed the EU’s full support for the efforts of the Minsk Group Co-Chairs and their focus on “a fair and lasting settlement based on the core principles of the Helsinki Final Act.”

President Aliyev hailed Azerbaijan-EU cooperation as constructive, particularly in energy and transportation sectors.

Tusk arrived in Azerbaijan Tuesday for a one-day visit.

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Azerbaijan

Qatar Airways signs 4 billion CFM engine order

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Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos, Reuters reported.

CFM, owned by General Electric GE. and France’s Safran (SAF.PA), will supply LEAP-1A engines for the A321neos ordered by the state-owned carrier.

“We chose the LEAP engine based on its proven efficiency in commercial operations,” Qatar Airways Chief Executive Akbar al-Baker said in a statement on Wednesday.

Qatar Airways ordered United Technologies Corp’s (UTX.N) Pratt & Whitney engines for its initial order of A320neo jets which it upgraded in 2017 to the larger A321 version.

The status of the Pratt & Whitney order was not immediately clear. Qatar Airways did not respond to a request for immediate comment.

Qatar Airways threatened to walk away from the A320neo order in 2016, including cancelling the Pratt & Whitney deal, over performance issues before it eventually swapped it for the larger jets.

News.Az

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Global oil demand to hit a plateau around 2030 IEA Predicts

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Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.

While the current growth rate of 1 million barrels a day or about 1% — will hold for the next five years, it will ebb to just 100,000 barrels a day in the 2030s, the agency said. By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its long-term World Energy Outlook.

Global oil demand averaged 96.9 million barrels a day last year and will climb to 105.4 million a day in 2030, the IEA projected. After that, the growth rate of 100,000 barrels a day is about half the level the agency predicted in last year’s report, and is concentrated mostly in the aviation, shipping and plastics sectors. Demand will reach 106.4 million barrels a day in 2040.

Yet despite the flattening of oil demand, worldwide emissions of carbon dioxide from energy will keep increasing after 2040 as developing nations continue to burn coal for power generation, according to the report.

News.Az

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Azerbaijan

Azerbaijani Naval Forces fulfill assigned tasks during operational exercises

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The Naval Forces of Azerbaijan fulfill the assigned tasks as part of the ongoing operational exercises, the Defense Ministry reported Thursday.

According to the plan, the data received by the Naval Forces control group based on introductory is plotted on maps.

The ship tactical groups involved in the exercises, accurately and efficiently accomplish tasks in the area of responsibility in the Caspian Sea.

News.Az

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