Daily Archives: September 14, 2017

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP signed a contract with the government of Azerbaijan today to extend a production sharing deal until 2050. A group led by BP agreed with the State Oil Company of the Republic of Azerbaijan (Socar) to continue developing the huge Azeri Chirag fields and the deep water portion of the Gunashli field …

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Swiss Camille Bloch Plans to Grow Nut Plantations in Georgia

Swiss Camille Bloch Plans to Grow Nut Plantations in Georgia

Swiss-based Chocolate Producer Camille Bloch wants to use Georgian nut in the production and plans to grow own plantation in the country. The company talked about the plans at the meeting with the Governor of Imereti and noted that they wanted to set up new technologies in this sphere. Vice …

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PM: Extension of ACG Deal a Historic Event

Extension of the contract on development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields until 2050 is a historic event, said Georgian Prime Minister Giorgi Kvirikashvili in a message read out by Energy Minister Ilia Eloshvili at a ceremony to sign a new ACG contract in Baku Sept. …

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Vintage 2017 Results

During the 2017 vintage, Kakheti Region farmers have already earned 32.2mln GEL from sales of grapes to winemaking companies. As of 10 o’clock of September 14, companies have processed 29.7 thousand tons of grapes in Kakheti Region, including 12 000 tons of Rkatsiteli, 14.8 thousand tons of Saperavi, 1.2 thousand …

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With the Support of EU Dairy Forum Held in Adjara

On 10-12 September 2017, with the support of the European Neighbourhood Programme for Agriculture and Rural Development (ENPARD) a Dairy Forum was hold in Kobuleti, Adjara. The Forum was organised in the scope of the ENPARD project “Enhancing Small Farmers’ Cooperation and productivity in Imereti and Racha Region” by the …

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Moody’s Upgrades TBC Bank Credit Rating

Moody’s Investors Service (Moody’s) has announced today that it has upgraded the credit rating of JSC TBC Bank (“TBC Bank”), subsidiary of TBC Bank Group PLC. The Bank’s local-currency deposit rating has been increased to Ba2 from Ba3 and its foreign-currency deposit rating to Ba3 from B1. The ratings continue …

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SES Video Showcases Virtual Reality and Latest Ultra HD Features at IBC

SES Video will be showcasing cutting-edge technology developments at its booth 1.B51 at IBC 2017 in Amsterdam from 15 to 19 September. A demonstration in collaboration with Fraunhofer HHI will offer visitors the opportunity to immerse themselves in Luxembourg City, thanks to a live satellite transmission of 10K x 2K …

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Missed Opportunities for Big Savings from Generic Drugs in Europe

Shifting patients from branded to less expensive generic medicines is an important way to contain health care costs. Yet the prices and prescription rates of generics vary widely across Europe, resulting in missed opportunities for cash-strapped health systems and patients. These are the findings of a study by researchers from the London …

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