The international law firm Milbank, Tweed, Hadley & MCCloy became a legal consultant of Azerkosmos on the preparation and use of the satellite Azerispace-2.
According to the report of the JSC, the parties signed a contract to provide services in the amount of $ 300 thousand.
JSC Azerkosmos attracted legal consultant for the formation of contracts for sharing orbital position for the second telecommunications satellite Azerispace-2, satellite design and technical and other types of cooperation at the stage of its operation in orbit, as well as contracts for regulating the commercialization of satellite capacity.
As previously reported, the launch into orbit of the second telecommunications satellite Azerispace-2 is scheduled for 2017.
The first telecommunications satellite Azerispace-1 was launched on February 9, 2013 from Kourou (in northeastern South America in French Guiana).
JSC Azerkosmos expects to receive $ 420 million as net income from the operation of Azerspace-1. --17D-
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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