Azerbaijan

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Azeri energy minister Aliyev dies of heart problem in Turkey: Report

Azeri Energy Minister Natig Aliyev died on June 9, a day after being transferred to hospital in Istanbul for treatment for a heart complaint, Azeri news agency APA-Economics reported.

The 69-year-old veteran executive in Azerbaijan's energy sector was president of state energy company SOCAR and chaired the company's board of directors between 1993 and 2005.

Azeri SOCAR aims up to $3 billion additional investment in Turkey

Azerbaijan's state-run energy company SOCAR, a majority stakeholder of Turkish petrochemical maker Petkim, is aiming to make an additional investment worth up to $3 billion in Turkey, SOCAR Turkey chair Vagif Aliyev has said.

"SOCAR is working on a new investment for petrochemical products. The new facility may become a second Petkim," Aliyev said in an interview in Baku.

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