Bahar Energy Limited operation company developing oil and gas bloc, which includes Bahar and Gum Deniz fields in the Azeri sector of the Caspian Sea, now have one operator – US Greenfields Petroleum company.
The US company has signed a contract with the shutdown company Baghlan Group to buy 66.6% share in the Bahar Energy Limited operation company.
The deal is expected to be closed within coming three months. As soon as the deal is closed, Greenfields Petroleum will become the only shareholder of Bahar Energy Limited operating company.—0—
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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