Daily Archives: December 13, 2017

His Excellency Mr Uhuru Kenyatta, President of the Republic of Kenya

Dear Mr President,On behalf of the people of Azerbaijan and on my own behalf, I extend my sincerest congratulations to you and the people of your country on the occasion of the national holiday of the Republic of Kenya – Independence Day.On this joyous…

OPEC oil production declined again in November

Baku, December 13, AZERTAC

OPEC’s oil production fell last month, just before the group met in Vienna to extend its output cuts through the end of next year.

The 14 member nations of the Organization of Petroleum Exporting Countries pumped 32.4 million barrels a day in November, down by 133,500 barrels a day compared with October and down 273,000 barrels a day compared with September.

The cartel’s efforts to curb the global oil glut over the past year seem to be paying off, as worldwide inventory levels decline.

Last month, Angola registered the largest reduction in production, its output falling 108,700 barrels a day. It was followed by Saudi Arabia, where production declined 45,400 barrels a day, Venezuela (41,600 barrels a day) and the United Arab Emirates (35,500 barrels a day).

The only country with a significant increase in production was Nigeria, which boosted output by 95,800 barrels a day. Nigeria and Libya, two countries previously exempt from OPEC’s agreement to cut production, agreed in late November to cap production at current levels.

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OIC recognizes East Jerusalem as Palestine’s capital

Baku, December 13, AZERTAC

Pushing back against last week’s U.S. declaration, the final communique of the Organization of the Islamic Cooperation (OIC) Istanbul summit on Wednesday recognized East Jerusalem as the capital of the Palestinian state, urging the international community to do the same, Anadolu Agency reports.

The communique came after Muslims leaders, including Palestinian President Mahmoud Abbas, gathered at an extraordinary summit of the OIC in Turkey’s commercial capital. Palestine has been an OIC member state for nearly 30 years.

It urged the world to recognize East Jerusalem as the occupied capital of the Palestinian state and invited “all countries to recognize the state of Palestine and East Jerusalem as its occupied capital.”

The 57-member bloc also affirmed “its readiness to take the Jerusalem issue to the UN General Assembly if the UN Security Council fails to take action” against the “grave violation” of the U.S. decision.

Last week, Trump announced his decision — despite widespread opposition across the Middle East — to formally recognize Jerusalem as Israel’s capital.

The announcement sparked strong condemnation from around the world, including Turkey, the EU and UN.

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First meeting of newly elected Members of Board of Caspian European Club held

Baku, December 13, AZERTAC

The first meeting of the newly elected Members of the Board of the Caspian European Club has been held in Baku. At the meeting First Deputy Chairman of the Caspian European Club and Caspian American Club Telman Aliyev introduced newly elected Chief Executive Officer of the Caspian European Club Mustafa Abbasbeyli.

In turn, Mustafa Abbasbeyli, who chaired the meeting, congratulated the new Members of the Board of the Caspian European Club on their election and wished them further successes within the Club.

The election of the Board Members took place on November 15 during the special session of the Caspian Energy Forum dedicated to the healthcare (Caspian Energy Medical Forum). Only the members of the Caspian European Club had the right to vote. Each candidate, who received more than 50 votes, enjoyed the opportunity to become a Member of the Board of the Caspian European Club.

During the meeting Mustafa Abbasbeyli spoke about the priorities, new projects and tasks to be implemented before the end of 2018. The revised conditions for joining the Caspian European Club were presented, branch clubs were renamed into committees and new heads of committees were appointed, and the Charter of the Club’s Board was approved. “Twice a month Club meetings will be held in the format of round tables under the chairmanship of the heads of working committees. During these meetings the Board Members will discuss challenges facing companies in these industries and possible solutions to them,” the Caspian European Club CEO said.

“On December 15 this year, the first Azerbaijan-Georgia Business Forum with Ambassador of the Republic of Azerbaijan to Georgia Dursun Hasanov will be held. Also, the 9th CEO Lunch Baku with Ambassador of the United States of America to the Republic of Azerbaijan Robert F. Cekuta will be hosted on December 20,” Mustafa Abbasbeyli added.

Caspian European Club was established in June 2002 with the support of the largest oil and gas companies operating in the Caspian-Black Sea region. His Excellency President of the Republic of Azerbaijan Ilham Aliyev is the Chairman of the Caspian European Club.

Since the very establishment the Caspian European Club has promoted attraction of revenues from the oil industry for the development of the non-oil sector. The Caspian European Club, which brings together more than 5,000 member companies and organizations, operates in 70 countries around the world and is active in supporting the dialogue between the government agencies and the private sector.

AZERTAG.AZ :First meeting of newly elected Members of Board of Caspian European Club held

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