At the end of last week the Azerbaijan State Migration Service and BP-Azerbaijan company signed the memorandum of cooperation.
A source from BP-Azerbaijan told Turan that the document envisages cooperation in the migration field.
Till now international employment companies have brought various specialists in Azerbaijan for the BP-Azerbaijan projects on the contract and sub-contract basis.
The State Migration Service has informed BP-Azerbaijan that the foreign residents working for the BP projects in Azerbaijan as a part of the production sharing agreement (PSA) are not full time employees of BP-Azerbaijan. Therefore, their hiring in the projects in Azerbaijan does not correspond to the laws of the republic and is not in the interests of the country.
Thus, the sides have reached an agreement on the new system of employment of foreign specialists.
BP-Azerbaijan company will conclude temporary labor agreements with the foreign residents and there will be no need in the services of the mediators – employment companies – which made a lot of money on that.—0—
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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