Saturday 1 August 2015
 
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Azerbaijan

Azerbaijan oil output up due to BP fields, gas falls

Crude oil and condensate production in Azerbaijan rose to 14.2 million tonnes in the first four months of 2015 from 13.6 million a year earlier, a source at the State Statistics Committee said.   The source, who

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KBR to set up engineering JV in Azerbaijan

KBR, a global technology, engineering, procurement and construction company, said it has signed a joint venture agreement with the State Oil Company of Azerbaijan Republic (socar) to set up a new engineering and support services company in Azerb

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KBR to set up engineering JV in Azerbaijan

KBR, a global technology, engineering, procurement and construction company, said it has signed a joint venture agreement with the State Oil Company of Azerbaijan Republic (socar) to set up a new engineering and support services company in Azerb

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Turkey begins $10bn Azeri pipeline construction

Turkey and Azerbaijan have begun the construction on a new gas pipeline costing $10 billion which will pump gas from the Azerbaijani Shah Deniz 2 field across Anatolia to Turkish and European Union (EU) consumers.   The EU, wh

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Iran, Azerbaijan to build bridge on border

Iran and Azerbaijan have signed a pact to build a new bridge on the Astara border aiming to reduce tolls on transportation, a report said. A memorandum of understanding (MoU) on the construction project was signed Iran’s Dep

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Warba Bank arranges $150m loan for IBA

Kuwait-based Warba Bank recently arranged a $150 million Sharia-complaint syndicated finance facility for the International Bank of Azerbaijan (IBA). The facility has a tenor of one year with a bullet repayment due at maturity. Wa

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Azerbaijan bank in sharia supervisory deal with SRB

The International Bank of Azerbaijan (IBAR) has signed a sharia supervisory agreement with the Shariyah Review Bureau (SRB), a leading global sharia advisory firm, The IBAR has a history of successful sharia compliant investments in a v

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Topaz clinches $100m BP contracts

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won two contracts worth $100 million from BP for supply of additional vessels in Azerbaijan’s largest oil and ga

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Topaz clinches $100m BP contracts

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has won two contracts worth $100 million from BP for supply of additional vessels in Azerbaijan’s largest oil and ga

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DI, subsidiaries take part in Baku Build

Dubai Investments, the largest investment company listed on the Dubai Financial Market, is showcasing its capabilities and that of its subsidiaries at a major construction trade exhibition currently underway in Azerbaijan. The Bak

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