The fall in oil prices has led to reductions in the State Oil Company entities, the head of SOCAR Rovnag Abdullayev told the media.
Commenting on the closure of three offices of the company in Switzerland (SOCAR, SOCAR Trading and SOCAR Energy Switzerland), Abdullayev said this decision was made in December. Representative functions were transferred to the central office in Baku and the companies that belong to SOCAR, said Abdullayev.
Note that one of the SOCAR offices in Switzerland operated a network of gas stations that were previously purchased by SOCAR from Esso.
According to unofficial data, all of the SOCAR offices abroad were closed or significantly reduced in December. -02D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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