SOCAR unit insured under VHI in Mega Sigorta
Insurance company Mega Sigorta became the second partner (after PASHA Sigorta) state oil company under the voluntary health insurance.
As reported by representatives of the oil industry, all employees of CJSC Ekol Engineering Services (division SOCAR) in the next year will be covered by this structure. Their health will be treated by the medical staff of Modern Hospital. In the list of services includes a full medical examination (Check Up) times per year, plus everything related to the amendment of health - up to operations and related services. 250 employees Company since November 1 has already passed the course examination.
Representatives of the company Mega Sigorta told Turan that this structure is a partner of multiple units of SOCAR, but prefers not to divulge trade secrets.
Mega Sigorta has operated in the insurance market since October 2010.
Its shareholders are 6 individuals.
The company has a license to provide services for 29 types of insurance, including 4 compulsory types.
Authorized capital is 10.5 million manat. - 17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review