Russia’s biggest private oil company LUKoil considers possibility of placement of its shares at Hong Kong exchange stock, said LUKoil’s President Vagit Alekperov.
Lack of the agreement, which will allow the Russian companies to place securities directly in Hong Kong, could become an obstacle for this intention.
This is not the first time when Alekperov thinks about listing in Hong Kong – in 2010 LUKoil already announced the similar intentions.
Sale of shares in Hong Kong is just the matter of time, because “placement will become an important step towards Asia,” Bloomberg quoted Alekperov as saying. –0—
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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