One of the six General Directors of JSC Rabita Bank, Arif Zeynalov, left the post at his own request. According to the report, he was in charge of the bank's strategy, finance and information technology.
Now there are five Directors in charge of various sectors, Seyran and Ziya Nuriyev, Eldar Aghayev, Jeyhun Ibrahimov and Binnet Novruzov.
JSC Rabita Bank has operated under license of the Central Bank of Azerbaijan since 1993 and has 23 branches and a sub-branch. Its authorized capital is 51.4 million, and the total capital is 64.12 million manats. The Chairman of the Supervisory Board is Zakir Nuriyev, and the Chairman of the Board is Elchin Ghadimov. --17D-
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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