Another contract was signed on February 22, 2016 as a part of the project of upgrade of the Heydar Aliyev oil refinery.
SOCAR press office reported that the contract was signed between the oil refinery and SOCAR Fugro. The contract has been signed by Heydar Aliyev oil refinery director Elman Ismaylov and SOCAR Fugro General Director Chris Mott.
The contract envisages the ground survey works to design infrastructure of the oil refinery and its territories.
SOCAR reported that Fluor company took part in preparation of the plan of ground works and SOCAR Foster Wheeler company is the company that designed the oil refinery upgrade.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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