The Deposit Insurance Fund has paid AZN 261,402,000 in compensation to the depositors of nine closed banks, the Fund said.
The depositors of OJSC Para Bank were paid AZN 32,570,000, the depositors of OJSC Zamin Bank were paid AZN 49,004,000, Credo Bank – AZN 17,181,000, Deka Bank – AZN 2,772,000, Atra Bank - AZN 13,282,000, Gafgaz Inkishaf Banki – AZN 1,699,000, Bank of Azerbaijan - AZN 24,091,000, Ganja Bank - AZN 925,721, and Tekhnika Bank – AZN 119,878,000. ----71D
Economics
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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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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