Zhaikmunai LP renamed into Nostrum Oil & Gas LP
Zhaikmunai LP company with the headquarters based in Amsterdam, which was registered in the Men Island and extracts oil and gas on the northwest of Kazakhstan, has changed into name into Nostrum Oil & Gas LP, the company reported.
Nostrum Oil & Gas’s main industrial asset is the Chinarev field located in Kazakhstan on the north of the oil-bearing Caspian basin. The company also possesses such assets as Rostoshinskoye, Darinskoye and South-Gremyachinskoye fields, which are located close to the Chinarev field and the gas refining plant.
The company reported that change of its name reflects development of Nostrum Oil and Gas as the operator of various industrial assets. The main industrial daughter of the company in Kazakhstan will continue working under the current name Zhaikmunai.
Head of Board of Directors of the company, global depositary receipts of which are traded at the London Stock Exchange, Belgian entrepreneur Frank Monstrie holds 40.5% shares and the Kazakhstan engineering-construction company KazStroiService – 27% shares, reported http://oilru.com.--0---
Economics
-
The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
-
Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
-
Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
Minimum əməkhaqqı, pensiya, ehtiyac meyarı. Rəqəmlər real bazar qiymətinə uyğundur? – Zöhrab İsmayıl Çətin sualda
News Line
-
- Economics,
- 13:04
- 130
Leave a review