SOCAR has been considering possibility of buying some assets of Rosneft company in Russia. “Within several weeks the documents could be possibly signed. The assets have been named, but there are many candidates, because everyone would like to cooperate with Rosneft,” SOCAR President Rovnag Abdullayev told journalists after his talks with Rosneft President Igor Sechin at IP Week.
Two sources familiar with the situation told Interfax that SOCAR has considered purchase of Polyarnoye Siyaniye company from Rosneft, which has been eventually purchased by the company owned by Aleksei and Yurii Khotin (including ConocoPhillips’s share).
Commenting on SOCAR’s interest in Polyarnoye Siyaniye, representative of Azeri company told journalists: “There are many assets in Russia that are under consideration.”
In May 2014 SOCAR and Rosneft created a joint venture, which is also involved in production. But the JV has not been operating yet.--0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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