Insurance company Mega Sigorta collected in January-September this year, insurance premiums of 3 million 381.89 thousand manats, which is 4 times more than last year's level and 13 times higher than two years ago. This was affected not only by the multiple gain on Auto Casco and voluntary health insurance, but also by participation in the Bureau of Compulsory Insurance. The new position of liability insurance of vessel owners brought the company 572.29 thousand manats.
Below is an extended table of premiums and benefits.
Mega Sigorta (previously - BE & G) has been operating in the insurance market since 1998.
The shareholders are six individuals.
The insurance company is licensed to provide services on 26 types of voluntary and 4 types of compulsory insurance. - 17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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