Search Results for: Azerbaijan
German Deutsche Bank faced threat of bankruptcy
July 11th, 2016
Three years ago, there were reports about bankruptcy of Deutsche Bank, which is managing SOFAZ assets. This is caused by too much unsecured derivatives in the balance of the bank. Now, International Bank of Azerbaijan has started to speak ...
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance
May 19th, 2016
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large ...
All five magic circle law firms named in new ‘Panama Papers’ database
May 11th, 2016
Top City firms named as a result of Mossack Fonseca leak and further investigations by press All five magic circle law firms have been named in an online database that reveals the identities of thousands of companies connected to the Panama ...
Greek – Italian joint venture wins construction contract for TAP gas pipeline
May 5th, 2016
A joint venture between Italy’s Renco and Greece’s Terna has won the engineering, procurement and construction (EPC) contract for two compressor stations and a metering station for the Trans Adriatic gas pipeline, the operator TAP said. The line will ...
€4.5mn contract for Bulgaria-Romania gas pipeline
April 14th, 2016
Austrian engineering firm Habau last week signed a €4.5mn contract for building a section of the Bulgaria-Romania gas pipeline under the Danube river. The deal was signed in Sofia by the transmission system operators of Bulgaria and Romania: Bulgartransgaz and Transgaz and Habau ...
Leaked Mossack Fonseca document leaves London law firm exposed
April 11th, 2016
A prominent London law firm has been left exposed after leaked Mossack Fonseca documents revealed how it had helped set up a secret offshore company for the daughters of the Azerbaijan president. Child & Child — a long-established private ...
Russian gas from Greece to Italy; the New project
February 29th, 2016
Gazprom revives ‘Poseidon’ Adriatic link Gazprom has revived a project that would see an offshore pipeline built to bring Russian gas from Greece to Italy. The new project is named “Poseidon”. What remains unclear is how the Russian gas ...
Oil Prices Drop as Chances Fade for Output Cuts
February 2nd, 2016
Coordinated cutbacks considered less likely after Iran raises its export target Oil prices gave back a big chunk of last week’s gains, with traders losing hope that the world’s big producers will cut their output and that Asia’s economies ...
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
January 26th, 2016
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
