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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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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