Azerbaijani Parliament Approves New Draft Law 'On Energy'

2023-10-17 07:12:16

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 17. The new draft law "On Energy" was submitted for discussion by deputies at today's meeting of the Milli Majlis (Parliament), Trend reports.

In accordance with paragraph 11 of Part I of Article 94 of the Constitution of the Republic of Azerbaijan, the draft law defines the general legal, economic, and managerial bases of activities in the field of energy, as well as mechanisms for ensuring energy security, creating a healthy competitive environment, supporting sustainable economic development, and providing consumers with reliable, high-quality, affordable, and safe energy.

The draft law was put to the vote and adopted in the first reading after discussion.

MENAFN17102023000187011040ID1107255328

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.