Topaz Energy and Marine, which has a contract with BP, has bought two new vessels for maintain offshore platforms in the Azerbaijani sector of the Caspian Sea, reads information of the company posted on the official web site. The information says that total cost of the towboat and supply vessel – Caspian Challenger and Caspian Endeavour - is $100 million.
The vessels will be used within the framework of a long-term contract between Topaz Energy and Marine and BP, operator of the Azeri-Chirag-Guneshli (ACG) oil and gas fields and Shah-Deniz gas condensate field development in the Azerbaijani sector of the Caspian Sea.
At present 25 vessels of Topaz Energy and Marine operate in Azerbaijan’s waters. After acquisition of another supply vessel Caspian Voyager in quarter 2, 2014 total number of the vessels will reach 26.—0—
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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