JSC Azerbaijan Investment Company (AIC) concluded on October 7 a contract with Rafik Rahimbeyli to provide services for the study of the feasibility of agricultural projects in three areas north of the city of Baku.
A specialist of the department of legal expertise in AIC Ilkin Abdiyev told Turan the company received from the investor proposals for the implementation of joint projects in the Khizi, Siyazan and Shabran regions. Therefore, it became necessary to analyze the prospects of the agricultural sector in these regions.
With regard to the contractor, the AIC noted that Rafik Urfat Rahimbeyli is a consultant to the Ministry of Agriculture on a contractual basis. He is PhD in Biology, Associate Professor, and has additional education in the Azerbaijan State Agrarian University on agrochemicals.
Agricultural research will be carried out within six months, and Professor Rafik Rahimbeyli will receive from AIC about 15 thousand mantas for that.
JSC Azerbaijan Investment Company was established in 2006 by 160 million manats of the State Oil Fund. AIC has a stake in several companies at no more than 25%. -----08B
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review