Helge Lund, who has left the position of Statoil CEO, will continue working for the company till March 1, 2015.
The Institute of Geology and Geophysics of the Azerbaijan National Academy of Sciences (AMEA), reported that Akif Alizada, Academy President, has received Lund and Bard Ivar Svendsen, Norwegian Ambassador to Azerbaijan.
“After Azeri-Chirag-Guneshli it is important to discover new oil fields in Azerbaijan and Statoil has recently focused its attention in this sector,” Lund said at the meeting.
He said the Norwegian Statoil company has established cooperation with several high educational institutions of Azerbaijan.
“It is advisable to work out recommendations for development of joint innovations in fields of science and technology in the future,” Lund said.
Alizada has invited him to the first Science Festival, which will be held in Baku on November 10 and 11, 2014.
Since March 2, 2015 Lund will work for British BG Group company.—0—
Economics
-
Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
-
Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
-
Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
-
The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
Leave a review