The list of partners of the processing center «AzeriCard» was replenished by another credit institution. The JSC «Ziraat Bank Azerbaycan», founded by Turkish Ziraat Bankası, and having since the beginning of the year the license of the Central Bank of Azerbaijan, joined the system now. According to the Center, a cooperation agreement between the parties was signed in July, and will soon step up work to establish the infrastructure of the bank card. On December 30, 2014 the CBA issued the license for the activities of «Ziraat Bank Azerbaycan» with an initial registered capital of 50 million manat. Partners of AzeriCard Processing Center under the International Bank of Azerbaijan are now 34 banks. --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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