Norwegian Statoil oil and gas corporation does not plan to invest capital into Iran right now, Statoil press officer Knut Rostad told Prime agency.
“We have been reducing our presence in Iran for some time and this summer we closed our office in Tehran. We have no plans to invest capital into Iran in the future,” said the same source.
On November 27, 2013 Iranian Minister of Oil Industry Bidjan Zanganekh told Financial Times that the country is going to re-establish contacts with the oil and gas giants, such as Total, Royal Dutch Shell, Eni and Statoil. It was also reported that the international companies have already started talks with the representatives of Iranian oil and gas companies.
During the last weekend Iran and the “six” international mediators have reached an agreement in Geneva, according to which Iran will reduce the works on the nuclear program and provide access to the international experts for careful checkups and the economic sanctions against the country will be eased.
It is too early to predict development of events and when Iranian oil could return to the international oil market, said Statoil’s representative.
Statoil has been developing hydrocarbons on the Norwegian continental shelf for 30 years and it is a pioneer of implementation of offshore projects in difficult climatic conditions. The government is the biggest shareholder in Statoil.—0—
Economics
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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