The extraordinary general meeting of shareholders of the insurance company Ateshgah will be held exactly in a month.
As Turan was told in the press service of the financial entity, not only the approval of financial statements for the past year, but also a number of organizational issues will be on the agenda. The new Board of Directors, the Board and the Audit Committee of the company will be elected.
Ateshgah Insurance Company began its activities in 1996. Its shareholders are legal entities - ISR Holding Ltd (69%), RAN-Exim (21%) and SOCAR (10%). The authorized capital is 5 million 8.5 thousand manats.
Ateshgah OJSC by June 1 received premiums for 19 million 844.38 thousand manats, while its payments amounted to 6 million 345.32 thousand 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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