SOCAR established a new company
Tax Ministry announced on state registration of LLC "SOCAR-CNG". State registration of the company was held on October 22 , it was officially announced on December 4 in a special issue of the newspaper "Vergiler (Taxes) .
Judging by the title , one of the founders of the company is the State Oil Company of Azerbaijan , and it refers to the liquefied natural gas sector . SOCAR has several joint ventures with similar names . Since June 2012 the information about the founder of the company is confidential and therefore information about the founders closed.
Share capital of OOO SOCAR-CNG is 100,000 manat. The company is located at the address: Baku, Khatai district, St. Mehdi Mehdizadeh, 22
As Director of LLC SOCAR-CNG appointed was Fikret Sujan, who also directs the Azerbaijani- Turkish joint venture AzTurQaz. As members of the Board of Directors appointed were Elshan Salmanov, Rasim Salmanov, Akbar Haljiyev, Fuad Kerimli and Jalal Faradzhly .
On the corporate website SOCAR there is still no information on LLC SOCAR-CNG. - 08D-
Economics
-
As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
Leave a review