Afgan Isayev is General Director of Southern Gas Corridor closed-type JSC, reads the document posted on the official web site of the Baku Stock Exchange (BICEX).
The supervisory council includes Senior Deputy Premier of Azerbaijan Yagub Eyubov, Minister of Economy and Industry Shahin Mustafayev, Minister of Energy Natig Aliyev, Executive Director of the State Oil Fund Shakhmar Movsumov and President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev.
The authorized capital of JSC is $100 million. The shareholders of JSC are SOCAR with 49% and the Azerbaijan Ministry of Economy and Industry with 51%.
SOFAZ has earlier redeemed the full primary issue of bonds of the Southern Gas Corridor.—0-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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