From now on SOCAR and migration service to jointly control employment of foreign residents in Azerbaijan
Last evening the event “Nationalization in Oil and Gas Industry and Migration Regulation” was organized by State Oil Company of Azerbaijan (SOCAR) and BP-Azerbaijan companies jointly with the State Migration Service in Fairmont Baku hotel.
SOCAR President Rovnag Abdullayev, Firudin Nabiyev, chief of the State Migration Service, Gordon Birrell, BP President in Azerbaijan, Georgia and Turkey, and other officials took part at the event.
The protocol of cooperation on nationalization of employees was the first document signed by SOCAR President and BP-Azerbaijan President.
The second document was the memorandum of mutual understanding on cooperation in field of training at the Training Centre in Gobustan between SOCAR and BP.
The memorandum of mutual understanding on education at the Baku High Oil School was signed by Gordon Birrell and Elmar Gasymov, the Baku High Oil School rector.
The fourth document – mutual understanding on cooperation in the migration field – was planned to be signed between BP-Azerbaijan and the Azerbaijan State Migration Service. However, the representatives of the Migration Service have refused to sign the document at the last minute.
From 2014 to 2018 BP company will carry out wide-scale works in Azerbaijan as a part of the Shah-Deniz Phase 2 project. The qualified specialists will be needed to perform these works in time. BP and its main contractors usually hire foreign specialists for these works. However, SOCAR has already created a specialized automated personnel data base. If the foreign companies need specialists, they will first have to use the data base. If Azerbaijan lacks certain specialists, then the foreign company with the recommendation letter on behalf of SOCAR will apply to the State Migration Service to get permission for foreign resident’s employment in the country.—0—
Economics
-
The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, praising notable achievements in macroeconomic stability and the banking sector. However, the report underscores persistent vulnerabilities stemming from the country’s dependence on hydrocarbons and provides a detailed outlook for its oil-rich economy.
-
The Azerbaijan Caspian Shipping Company (ASCO) announced the commissioning of its newly built vessel, "Bergyushadchay", on November 28. Constructed at the Zykh Ship Repair and Construction Yard, the vessel is now part of ASCO's Caspian Sea Oil Fleet as an auxiliary ship, according to the company's statement.
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
Leave a review