In November 2013 the insurance companies that are members of the Bureau of Compulsory Insurance concluded 80,795 contracts of insurance of civil liability of vehicle owners to third parties (CTP). This is 9.2% more than in December 1 last year - the website of the Bureau.
Of the total number of contracts 19,200 were signed by transit vehicles registered abroad with valid agreements from 1 month to 1 year.
Total members of the Bureau in March got more than 6.3 million manat for insurance (+4.5 % per year).
From January to December, the Bureau concluded compulsory insurance in the aggregate 856,300 contracts worth 65.4 million manat. In November, the average fee for CTP was 78.6 manats. - 17D-
Economics
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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.
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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.
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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.
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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.
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