
14 service vessels to be delivered from Dubai for BP projects
Dubai Topaz Energy and Marine company based in Dubai (UAE) and specializing in providing support to the offshore oil and gas projects has concluded a contract with BP Exploration to deliver 14 vessels for the Caspian Sea, reported Dubai Topaz Energy and Marine.
The contract has been signed for the period of five years with the possibility of prolongation by one-two years with the current market conditions. The vessels will mainly service Azeri-Chirag-Guneshli fields and Shah Deniz field Phase 2.
The cost of the signed contract is not specified.—0—
Economics
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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