On May 3, the Ministry of Finance put on sale a new batch of short-term bonds, which it undertakes to repay within 91 days.
According to the Baku Stock Exchange, investors are offered bonds for a total amount of 15 million manat.
The Ministry of Finance has also changed the company to place its securities. The investment company Pasha Capital will be the underwriter. Previously this was done by Uni Capital.
Currently the interest rate on the Treasury bonds in AZN is a little more than the interest rate on insured deposits in AZN in banks (12%). ---08D
Economics
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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BP, on behalf of its partners in the Azeri-Chirag-Gunashli (ACG), Baku-Tbilisi-Ceyhan (BTC), Shah Deniz, and South Caucasus Pipeline projects—including SOCAR, TPAO, LUKOIL, SGC, NICO, MOL, INPEX, ExxonMobil, ITOCHU, ONGC Videsh, Eni, MVM, and TotalEnergies—has announced the successful conclusion of the latest round of the "Skills for the Future" educational project, launched in 2023.
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BP-Azerbaijan, the operator of Azerbaijan's flagship Shah Deniz gas field, has unveiled plans for the construction of a new platform, marking a significant step forward in the development of the field. This project is effectively a third phase in the exploitation of one of the Caspian Sea's largest energy reserves.
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