Authorized capital of closed-type joint stock company created to implement gas projects in Azerbaijan to be tripled
Azerbaijan State Securities Committee said that Canub Qaz Dehlizi (Southern Gas Corridor) closed-type joint stock company (JSC) will triple its authorized capital up to $300 million.
According to the statement posted in press, increase in authorized capital of the JSC will be done through converting of the shares face value. In particular, the face value of shares will be increased from $1 to $3 million. The authorized capital is divided into 100 shares. At present authorized capital of Canub Gaz Dehlizi is equal $100 million.
Canub Qaz Dehlizi JSC was established on February 25, 2014 for efficient management of state assets in the Shah Deniz Phase 2 project, expansion of the Southern Caucasian gas pipeline and construction of TANAP and TAP gas pipelines. SOCAR’s share in the capital of JSC constitutes 49%, while state – 51%. Share of the state is funded through the Oil Fund of Azerbaijan on condition of return.—0--
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review