Breaking News: President Aliyev Dissolves State Contract Corporation “Azerkontrakt” OJSC
In a recent development, President Ilham Aliyev of Azerbaijan has signed a decree dissolving the State Contract Corporation “Azerkontrakt” OJSC. As per the decree, the State Oil Company of Azerbaijan Republic (SOCAR) will now take over the responsibilities previously held by “Azercontract” OJSC in relation to the procurement, transportation, distribution, and sale of natural gas within Azerbaijan.
This decision marks a significant shift in the country’s energy sector and is expected to streamline operations within the industry. For further details, the full text of the decree can be accessed here.
Stay tuned for updates as this story develops.
Update: 15:50
President Aliyev has taken decisive action to restructure the energy sector by dissolving “Azerkontrakt” OJSC, paving the way for SOCAR to assume key responsibilities.