Azerbaijan’s state oil company SOCAR will additionally produce about 5,480 tons of oil per year thanks to the commissioning of three new wells, which are being drilled at offshore fields Pirallahi-deniz and Darwin Bank, as well as the Saadan onshore field, SOCAR said. The projected depth of the well #1155 at the Pirallahi-deniz field is…
It is necessary to create holding companies out of major light industry enterprises. Deputy Prime Minister of Belarus Vladimir Semashko gave the relevant instructions to top officials of the Belarusian light industry concern Bellegprom, the concern’s press service reported. Vladimir Semashko took part in a session of the Bellegprom management board. In his speech he…
Head of State Nursultan Nazarbayev held a meeting with Minister of Energy Kanat Bozumbayev. Bozumbayev informed the President of the key indicators of development of oil and gas, petrochemical and energy sectors and about the plans on the work for the nearest future. Besides, the interlocutors discussed the progress in implementation of big investment projects…
Plans have been made to set up a Belarusian-Turkish joint venture to make soft furniture at premises of the Molodechno-based furniture maker ZAO Molodechnomebel, Ruzhena Novitskaya, Press Secretary of the Belarusian timber, woodworking, pulp and paper industry concern Bellesbumprom, reported. A delegation of the Chamber of Commerce and Industry of the Turkish city of Inegol…
Nationals of Iran and Azerbaijan will be able to use their bank cards in the two countries’ territories once Iranian banks connect to the national card payments network created by Azerbaijan’s Central Bank. “Since Iran has not yet connected to any international payment system (Visa or MasterCard), the integration of the two countries’ card systems…
Volume of investments in Kyrgyzstan has grown since the beginning of the year, the National Statistical Committee reported. The volume of investment in fixed assets in January-July amounted to more than 47 billion soms, up by 4.1% YoY. Investments funded from internal sources increased by 11.7%. External sources, on the contrary, decreased by 20.4%. Most…
Joint-stock commercial bank “Uzpromstroybank” is one of the largest financial institutions of the Republic. The bank serves more than one million legal entities and individuals, providing them with various types of banking services. The bank also pays significant attention to the financial support of small business and private entrepreneurship entities. Over the first half of…