SOCAR company will submit to the Azeri-Chirag-Guneshli project partners a draft of the new contract for development of deep lying gas on this bloc in the Azerbaijani sector of the Caspian Sea, high-ranking representative of SOCAR said. He said work on the draft contract is almost completed. "We are completing work on the draft of the contract. Work on the draft does not mean that it will be signed, because it needs to be coordinated. As soon as it is ready, we will submit it to BP and other partners and then we will start talks. I think we will find an agreement," said the same source. SOCAR's representative said that the contract, which will be signed by all partners of the project, will be concluded in a new format. "This will be the Risk Service Agreement (the contract with a minimum guarantee of repayment). The contract will be approved in parliament," he said.
Economics
-
On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
-
During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
-
At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
-
As the global meat industry undergoes subtle transformations, Azerbaijan's meat market is poised for significant growth, reflecting both international trends and unique domestic factors.
Leave a review