In the framework of life insurance by November 1, there was collected 98.5 million manats (+16% compared to the same period last year)
The press secretary of the Association of Insurers of Azerbaijan (AIA) Vafa Rustamova told Turan specialized insurers - members of the Bureau of Compulsory Insurance provided 26% of total premiums in the local market. Recall that in the framework of this type of insurance services are provided by three members of the Bureau of Compulsory Insurance: Pasha Hayat Sigorta, Ateshgah Hayat Sigorta and Qala Hayat Sigorta.
Payments by these companies amounted to 35.6 million manats (+39.5%) or a quarter (25.4%) of the total volume. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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