Assets of Ziraat Bank Azerbaijan in the third quarter of 2016 increased by 3.8% (4 million 327.240 thousand manat) as compared to the second quarter, amounting to 117 million 305.340 thousand manat.
The share of foreign currency assets was 55 million 619.010 thousand manat.
The bank's liabilities during the reported period increased by 2 million 259.301 thousand manat (4%) and amounted to 57 million 709.011 thousand manat (the share of foreign currency - 45 million 835.790 thousand manat).
The bank's capital in the third quarter amounted to 59 million 596.329 thousand manat (an increase of 2 million 067.949 thousand manat, or 3.5%). -----71D
Economics
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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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