Due to Additional Issue Total Authorized Capital Increases by 2.5 Billion Manats
The total share capital of the issuers of securities in January-November increased due to the additional issue of shares by 2,406,954,834 manat. Such a conclusion can be made on the basis of the National Depository Center (NDC) report on December 1 (minus 43.6% to December 1 of last year).
The increase in authorized capital is set within 203 registered transactions, 13 of which occurred in November - in the amount of 8 million 456.83 thousand manats. In addition, during the reporting period 40 contracts were signed with the issuers of securities.
There were registered 3,804 exchange transactions with a par value of 1,718,457,840 manats. Outside the stock exchange there were registered 294 deals with a par value of 150,976,310 manats. --17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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