"Chevron is selling off its investment in the oil-rich former Soviet Union nation of Azerbaijan"
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You agree, through your use of this service, that you will not use this forum to post any material which is:
- abusive
- vulgar
- hateful
- harassing
- personal attacks
- obscene
You also may not:
- post images that are too large (max is 500*500px)
- post any copyrighted material unless the copyright is owned by you or cited properly.
- post in UPPER CASE, which is considered yelling
- post messages which insult the Armenians, Armenian culture, traditions, etc
- post racist or other intentionally insensitive material that insults or attacks another culture (including Turks)
The Ankap thread is excluded from the strict rules because that place is more relaxed and you can vent and engage in light insults and humor. Notice it's not a blank ticket, but just a place to vent. If you go into the Ankap thread, you enter at your own risk of being clowned on.
What you PROBABLY SHOULD NOT post...
Do not post information that you will regret putting out in public. This site comes up on Google, is cached, and all of that, so be aware of that as you post. Do not ask the staff to go through and delete things that you regret making available on the web for all to see because we will not do it. Think before you post!
2] Use descriptive subject lines & research your post. This means use the SEARCH.
This reduces the chances of double-posting and it also makes it easier for people to see what they do/don't want to read. Using the search function will identify existing threads on the topic so we do not have multiple threads on the same topic.
3] Keep the focus.
Each forum has a focus on a certain topic. Questions outside the scope of a certain forum will either be moved to the appropriate forum, closed, or simply be deleted. Please post your topic in the most appropriate forum. Users that keep doing this will be warned, then banned.
4] Behave as you would in a public location.
This forum is no different than a public place. Behave yourself and act like a decent human being (i.e. be respectful). If you're unable to do so, you're not welcome here and will be made to leave.
5] Respect the authority of moderators/admins.
Public discussions of moderator/admin actions are not allowed on the forum. It is also prohibited to protest moderator actions in titles, avatars, and signatures. If you don't like something that a moderator did, PM or email the moderator and try your best to resolve the problem or difference in private.
6] Promotion of sites or products is not permitted.
Advertisements are not allowed in this venue. No blatant advertising or solicitations of or for business is prohibited.
This includes, but not limited to, personal resumes and links to products or
services with which the poster is affiliated, whether or not a fee is charged
for the product or service. Spamming, in which a user posts the same message repeatedly, is also prohibited.
7] We retain the right to remove any posts and/or Members for any reason, without prior notice.
- PLEASE READ -
Members are welcome to read posts and though we encourage your active participation in the forum, it is not required. If you do participate by posting, however, we expect that on the whole you contribute something to the forum. This means that the bulk of your posts should not be in "fun" threads (e.g. Ankap, Keep & Kill, This or That, etc.). Further, while occasionally it is appropriate to simply voice your agreement or approval, not all of your posts should be of this variety: "LOL Member213!" "I agree."
If it is evident that a member is simply posting for the sake of posting, they will be removed.
8] These Rules & Guidelines may be amended at any time. (last update September 17, 2009)
If you believe an individual is repeatedly breaking the rules, please report to admin/moderator.
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Energy in Azerbaijan
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Ադրբեջանական նավթի գինը նվազել է մինչև 13 դոլար
Lragir.am,
20.04.2020
Նյու Յորքի Nymex բորսայում ադրբեջանական նավթի գինը նվազել է ավելի քան դոլարով և այժմ վաճառվում է մեկ բարելի դիմաց 12.97 դոլարով: Այս մասին հայտնում է Ազերթաջ գործակալությունը:
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"Oil prices ended New York trading in the negative on Monday for the first time ever, as a supply glut forced traders to pay others to take the commodity. With space to store oil scarce, US benchmark West Texas Intermediate for May delivery ended trading at -$37.63 a barrel ahead of Tuesday's close for futures contracts"
Crude Oil May 20 $-37.0000 $-55.2700 (-302.52%) OIL IS FREE you get paid to pick it up
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Originally posted by Azad View Post
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"The currency’s hard peg to the dollar could compound the economic cost of the crisis in Baku."
https://eurasianet.org/perspectives-...hange-rate-fix
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"BAKU -- Azerbaijan's central bank has put four of the energy-rich South Caucasus country's top banks under temporary administration, amid economic difficulties caused by a plunge in oil prices and the coronavirus pandemic. The central bank on April 27 appointed temporary administrators for Atabank, AGBank, NBCBank, and Amrah Bank, which are among the country's 15 largest financial institutions.
No explanations were officially given for the decision, but some media reports said it might be a first step toward the banks' possible closure or merger with other financial institution.
The ongoing widespread economic slowdown caused by governments imposing restrictions on businesses and individuals in a bid to curtail the spread of the coronavirus has triggered a collapse of global oil prices in recent weeks.
Crude oil and natural gas are Azerbaijan's main sources of income."
Azerbaijan's central bank has put four of the energy-rich South Caucasus country's top banks under temporary administration, amid economic difficulties caused by a plunge in oil prices and the coronavirus pandemic.
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"Azerbaijani president slams State Oil Company, announces privatization
President Ilham Aliyev has criticized oil and gas giant SOCAR and other state-owned companies as wasteful in a speech nodding to Azerbaijan’s unfolding economic crisis and calling for a mass privatization drive.
In unprecedented condemnation of a system he has overseen as president for almost 17 years, Aliyev slammed SOCAR for tapping the state budget rather than its own revenues to implement projects.
Oil and gas sales account for roughly two-thirds of budget revenues, according to Fitch Ratings; earlier this month the government was forced to redraft its budget to reflect oil prices of $35 per barrel, down from $55. GDP shrank by 2.7 percent in the first six months of 2020, the president said. His finance minister said a day earlier that output could fall up to 5 percent this year."
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