Iranian Oil Minister Bijan Namdar Zanganeh has created a special committee to amend the oil contracts, which envisage buy back to make them more attractive for the potential foreign investors.
The committee is led by Mehdi Hosseini, reported SHANA agency. Zanganeh is going to take measures to conclude new and more atrtractive contracts to attract investments of the international oil companies. Minister has instructed the committee to familiarize itself with the opinions of Iranian experts and consultations of the international companies and study experience of other countries in development of contracts, reported Russian Oil.—0—
Economics
-
Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
-
The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
-
Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
-
AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
Leave a review