Azerbaijani state oil company SOCAR and French Total have activated work on the development project of the Absheron gas field in the Caspian Sea, a source on the oil and gas market of Azerbaijan said. “The parties are completely satisfied with the negotiations”, the source said. “The signing of a large number of contracts is…Details
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In January-July the network of Russian Railways loaded 703.9 million tons, up by 1.8% YoY, the company’s press center says. In the reported period the railways shipped the following goods: coal – 187.7 million tons (up by 3.8% YoY); coke – 6.6 million tons (+1.5%); crude and oil products – 136.5 million tons (-7.8%); iron…Details
Automobile overpass with the radius of 150 degree, constructed in crossroads of Muqimi and Shota Rustaveli streets in Tashkent, will become the first such artificial building in Uzbekistan. The overpass with radius of 150 degrees will be the first such artificial building in Uzbekistan. The total length of the new overpass is just less than…Details
The international ratings agency Moody’s Investors Service has confirmed Azerbaijan’s long-term issuer and senior unsecured debt ratings at Ba1 and assigned a negative outlook. Azerbaijan’s rating was changed in February, and the outlook on it was changed to “negative” in April. Earlier, the international ratings agency Fitch Ratings also approved of the long-term issuer default…Details
On August 1, a transition of tow caravan consisting of 4 tows and LSP-2 support block complex placed on a floating pontoon started from the seaport of Astrakhan towards the point of destination – V. Filanovsky oil deposit in the Caspian Sea. The Astrakhan Branch pilots in cooperation with the seaports of Astrakhan and Olya…Details
Tajik President Emomali Rahmon met in Jakarta, Indonesia with the Islamic Development Bank (IsDB) President Dr. Ahmad Mohamed Ali on the sidelines of the 12th World Islamic Economic Forum (WIEF). According to the Tajik president’s official website, Rahmon expressed satisfaction with the current level of cooperation between Tajikistan and IsDB. The government of Tajikistan and…Details
Russia’s ELSIB shipped the fifth electric engine to Uzbekistan, the press service of the company said. The electric engine shipped to Takhiatash thermal power station. The company said that the contract for supply of the electric engines was inked in 2015 and its execution was completed in late July 2016. For the last three years,…Details