Tag Archives: Azerbaijan

Armenia and Azerbaijan hold shaky ceasefire over N-K

APRIL 14 2016 (The Conway Bulletin) – A fragile ceasefire between Azerbaijan and Armenia-backed forces continued to hold around Nagorno-Karabakh, although there were reports of sporadic fighting.

Armenia-backed forces said they lost 97 soldiers and militiamen in the worst fighting over the disputed region since a ceasefire was imposed in 1994.

Azerbaijan’s government has not disclosed a final tally, but dozens were reported killed during intense battles that started on April 2.

Both sides blame the other for starting the fighting. The international community has urged Armenia and Azerbaijan to sue for peace.

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(News report from Issue No. 276, published on April 15 2016)

 

WorleyParsons wins contract in Georgia and Azerbaijan

APRIL 11 2016 (The Conway Bulletin) – Australia-based WorleyParsons said it won a five-year Engineering, Procurement, Construction Management contract with BP for its operations in Azerbaijan and Georgia. The company will service the BP-operated Sangachal Terminal and pipelines in Azerbaijan, Georgia and Turkey. It didn’t say how much the contract was worth.

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(News report from Issue No. 276, published on  April 15 2016)

Azerbaijan to support oil freeze

APRIL 14 2016 (The Conway Bulletin) – Azerbaijan will participate in a meeting of oil producers in Doha and will support the proposal to freeze production at Jan. 2016 levels, Russian media quoted an Azerbaijani government source as saying. The Doha meeting is an opportunity for producers to agree on measures to drive up oil prices. In February, Russia, Saudi Arabia and Venezuela agreed to freeze production at Jan. 2016 levels.

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(News report from Issue No. 276, published on April 15 2016)

 

‘Shells rained down on us,’ say people in N-K, Armenia-Azerbaijan disputed region

APRIL 15 2016, TALISH, Azerbaijan (The Conway Bulletin) — The shells began falling at 3am on April 2.

Vilen Petrosyan, head of the tiny hamlet of Talish in northeast Nagorno-Karabakh, a region disputed between Azerbaijan and Armenia backed fighters, had gone to sleep late because the next day was his birthday.

He and relatives had prepared a cake and 12kg of meat for shish kebab. Guests and relatives were expected to join the celebrations from neighbouring villages.

But instead of a leisurely breakfast with gifts and compliments, Mr Petrosyan and his family were torn from their beds by the sound of artillery.

The 52-year old ran out on to his balcony to see shells ploughing into homes, a kindergarten and other buildings. “In ten minutes, the village shop was on fire,” he said in an interview with a Conway Bulletin correspondent. “Then ten minutes later, a tractor.”

Azeri troops crossed the frontline, locals said. The bodies of a couple in their late 60s and the man’s 92-year- old mother were later found in their home. Armenian residents said that

Azerbaijani soldiers had shot them dead and then sliced off their ears.

This was the start of four days of battles that killed several dozen people in the worst fighting since a 1994 ceasefire was imposed.

Since 1994, Armenia-backed fighters have controlled and run Nagorno- Karabakh, although it is still recognised by the international community as part of Azerbaijan.

The leadership of the unrecognised republic has argued that Azerbaijan started the violence, aiming to recapture lost land. Azerbaijan, meanwhile, said its military fired in response to an Armenian attack – and that a school, houses and factories were hit on its side.

A unit of pro-Armenia fighters eventually beat back the Azerbaijani fighters from Talish but people fled the village on the day of the shelling. Mr Petrosyan said he doesn’t know if all will return.

“There are 170 children in the village,” he said. “So many explosions, this is hard for them. We must get around a negotiating table with the Azeris and agree a real peace.”

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(News report from Issue No. 276, published on April 15 2016)

 

Azerbaijan’s SOCAR transfers

APRIL 11 2016 (The Conway Bulletin) – Azerbaijani state energy company SOCAR transferred 109m manat ($72m) to the government’s budget in March, a drop of around 4% from the same month in 2015, media reported. The drop high- lights the continued pressure that SOCAR and the rest of the Azerbaijani economy is under from the low global oil prices. In US dollar terms, the drop is even more severe. Last year, the manat lost half its value.

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(News report from Issue No. 276, published on April 15 2016)

 

Azerbaijani SOCAR to borrow from IBA

APRIL 5 2016 (The Conway Bulletin) – Azerbaijan’s state-owned energy company SOCAR will receive a loan of around $260m from the International Bank of Azerbaijan this year for the modernisation of the Heydar Aliyev oil refinery near Baku, Suleyman Gasimov, SOCAR’s vice president told local media. Last October, SOCAR and IBA agreed to a $1.6b loan that IBA would extend in several periodical tranches.

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(News report from Issue No. 275, published on  April 8 2016)

Azerbaijan jails five guilty of killing journalist

APRIL 1 2016 (The Conway Bulletin) – A court in Azerbaijan found five men guilty of beating to death a journalist in August, sentencing them to prison.

The case triggered public debates in Azerbaijan where the authorities have appeared to hold critical journalists in contempt with their own clampdown on the media over the past few years.

The five men received sentences of between 9 and 13 years for knocking Rasim Aliyev to the floor and beating him in broad daylight in Baku. He later died in hospital from his injuries.

They were relatives and friends of Cavid Huseynov, an Azerbaijani international football player. Aliyev had criticised Mr Huseynov as “immoral and ill-bred” in a Facebook post for goading supporters of Apollon, a Cypriot team, at a football match by waving a Turkish flag.

After the verdict, Aliyev’s father said: “All of them are criminals and they killed my son on purpose. They planned the attack before meeting my son and they killed him.”

Mr Huseynov faces a trial for not reporting the crime. He has not been linked directly with the beating.

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(News report from Issue No. 275, published on April 8 2016)

 

Business comment: Panama’s Pandora’s Box

APRIL 8 2016 (The Conway Bulletin) – The leaking of millions of documents from the Panama-based law firm Mossak Fonesca, dubbed the Panama Papers, hit the headlines this week both for the number of secret documents it disclosed and for the profiles of those involved in hiding money in offshore accounts.

For the Central Asia/South Caucasus region, one important story is the large-scale involvement of the Azerbaijani Presidential family in the country’s gold business.

Investigations on the awarding of the Chovdar project contract to a consortium of offshore companies had already unveiled that Ilham Aliyev’s family was behind Globex International, which owned 11% of the venture.

The latest leaks, though, showed that Mr Aliyev’s daughters, Leyla and Arzu, in fact, also owned Panama-registered Londex Resources, which owned another 45% of the project.

This makes the presidential family the majority owner, with a combined stake of 56%, of a project that holds gold reserves previously valued by the government at around $2.5b.

Other important figures from the South Caucasus and Central Asia, such as Georgian billionaire and former PM Bidzina Ivanishvili and Nurali Aliyev, grandson of Kazakh President Nursultan Nazarbayev, were also revealed to have hidden money in offshore accounts.

But this, although morally questionable, is not an illegal practice.

What is suspicious, and unfair, is when the Azerbaijani government awards the Presidential family’s unknown offshore companies a very favourable gold contract.

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(News report from Issue No. 275, published on  April 8 2016)

Azerbaijan- Armenia fighting over N-K threatens Europe’s plans

APRIL 2 2016 (The Conway Bulletin) – For Europe, the fierce fighting this week between Azerbaijani forces and Armenian-backed forces was a reminder that their plan to bring the South Caucasus firmly into its economic sphere is a risky one.

Eight years ago Russia and Georgia fought over the rebel region of South Ossetia. Now Azerbaijan and Armenia are close to all-out war over another sliver of land.

Wedged between these two scruffy, mountainous regions is the trade corridor that Europe relies on to transport goods to and from the Caspian Sea and Asia.

Theodoras Tsakiris, assistant professor for energy, geopolitics, and economics at the University of Nicosia in Cyprus told RFE/RL that two major pipelines pumping oil gas to Europe which lie just north of the conflict zone could be effected.

“A potential conflagration over Nagorno Karabakh is quite likely to affect both of these pipelines,” he said. “They are of critical significance primarily for Azerbaijan, then Turkey and, to a lesser extent, Europe and the global economy.”

European officials have avoided mentioning trade and gas exports from the South Caucasus in their comments on the fighting and have instead focused on calling for a full ceasefire but bureaucrats across Europe’s capitals will be troubled by the conflict.

Central to their plan is to build a network of pipelines stretching from the Caspian Sea across Azerbaijan, Georgia and Turkey into Europe. Gas from this route, dubbed the Southern Gas Corridor, would start to compete with Russian supplies.

Sections of the pipeline, after all, run only 40km north of the frontlines in Nagorno-Karabakh.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 275, published on April 8 2016)

 

EEU reschedules meeting due to Armenia-Azerbaijan fight in N-K

APRIL 6 2016 (The Conway Bulletin) – The Eurasian Economic Union moved a meeting of its PMs scheduled for April 8 in Yerevan to Moscow because of fighting between Armenia-backed fighters and Azerbaijani forces over the disputed region of Nagorno-Karabakh. Before the meeting was moved, Kazakh PM Karim Massimov had cancelled his trip to Armenia’s capital. The Moscow meeting will now be held on April 13.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 275, published on April 8 2016)