Representation of A.P. International LLC (the US state of Rhode Island) announced its closing in the governmental media on 22 February. The company, which opened an office in Baku in 2005, has not reported on the reasons.
The company holds a 49% stake in the company SOCAR-Petroleum. The joint stock company was established in 2008 with the participation of the state-owned oil company and is engaged in import and sale of petroleum products and so on business.
Representative of the company in Azerbaijan was Togrul Seyidov, who also directs the company SOCAR-Petroleum.
Today, the closure of the joint venture Azerbaijan Turkiye Baku Insaat was also announced. It operated since 2005, and had a paid-up share capital in the amount of $ 425 thousand. ---08B
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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