SOCAR has won tender of the Ukrainian Railway joint stock company (JSC) to buy 14,080 tons of diesel fuel to the amount over $10 million through SOCAR Energy Ukraine, daughter company of SOCAR, reported Ukrainian media.
During 6 months, 2016 SOCAR exported 389,022 tons of diesel fuel against 419,085 tons during the same period last year.
In Ukraine SOCAR is represented by the daughter company SOCAR Energy Ukraine and has a network of 58 petrol stations.—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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