State Oil Company of Azerbaijan (SOCAR) has put into operation a new offshore platform on Banka Darvina field in the Azerbaijani sector of the Caspian Sea, reads the statement released by SOCAR on Monday.
SOCAR reported that the new platform was installed on the depth of 10 meters and will be able to drill eight operation wells 1040 meters deep. The eight-bloc platform consists of industrial and residential parts.
The platform built by Neftegaststroi company has been already accepted by the State Commission.—0—
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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