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Azerbaijan’s Kapital Bank Management Changes

Azerbaijan’s Kapital Bank Management Changes

Changes have taken place in Azerbaijan’s Kapital Bank JSC management. Chief Financial Officer of Kapital Bank JSC Emin Mammadov has been elected a board member of the bank. These changes also affected heads of departments of the Kapital Bank JSC. Dmitriy Bakhishev has left the post of head of the bank’s IT …

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New Gas Reserves Found in Turkmenistan

New Gas Reserves Found in Turkmenistan

The studies carried out by the Turkmengeologiya State Corporation made it possible to extend the gas-bearing part of Turkmenistan’s largest Galkynysh field, the country’s ministry of oil and gas said June 21. In addition, the commercial gas inflows were obtained by 3D seismic survey from the wells also located in …

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Azerbaijan’s SOCAR Trading keen to Work in Latin America

Azerbaijan’s SOCAR Trading keen to Work in Latin America

SOCAR Trading SA, the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR), plans to enter the Latin American market, the company’s CEO Arzu Azimov said June 20 in his interview with the Swiss French-language newspaper L’AGEFI. “Recently, we have opened two branches in Calgary (Canada) and Houston …

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Iran’s Spare oil Production Capacity Limited – Expert

Iran’s Spare oil Production Capacity Limited - Expert

Iran’s spare oil production capacity is quite limited, Kamran Dadkhah, an associate professor in the Department of Economics at the US Northeastern University, expert on Iran believes. “Prior to the Islamic revolution [in 1978-79] Iran produced 6 million barrels per day. On that basis Iran has close to two million …

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European Commission Prohibits 216 Airlines to Perform Flights to Europe

The European Commission has published the list of airlines that have been banned to perform flight to the EU countries because of violation of international safety norms. According to the Atorus.ru, the European Commission has imposed restriction on 216 airlines, including 214 ones were subjected to restriction after the countries …

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Armenia’s Araratbank Mulls Debut IPO

Armenia's Araratbank Mulls Debut IPO

Armenia’s Araratbank, one of the largest lenders in the former Soviet country, is considering launching an initial public offering (IPO) as it seeks to increase its capital buffers, the bank’s CEO said on Friday. The move follows the Armenian central bank’s increase in the regulatory minimum capital requirement for commercial …

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Blue Eyes Originated 10,000 Years Ago in the Black Sea Region

A team of researchers from Copenhagen University have located a single mutation that causes the mysterious phenomenon of blue eyes. And all blue eyed people are genetically related to a person who lived in the Black Sea region sometime between 6 – 10,000 years ago. The research was published in …

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ADB may Consider Providing Financial Support for TAPI Gas Pipeline

ADB may Consider Providing Financial Support for TAPI Gas Pipeline

The Asian Development Bank (ADB) may consider providing financial support for the Turkmenistan-Afghanistan- Pakistan- India (TAPI) gas pipeline project when requested, a source in the ADB’s Department of External Relations told Trend. “ADB continues to be in discussion regarding its role taking the [TAPI] project forward in all aspects,” the …

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