DOCSLIB.ORG

Important Notice

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Important Notice IMPORTANT NOTICE THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE NON-U.S. PERSONS (AS DEFINED BELOW) LOCATED OUTSIDE OF THE UNITED STATES. IMPORTANT: You must read the following before continuing. The following applies to the Prospectus following this page and you are therefore advised to read this page carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from the Issuer or the Joint Lead Managers (each as defined in the Prospectus). NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE NOTES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION, AND THE NOTES MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THE PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER AND, IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON OR U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. IF YOU HAVE GAINED ACCESS TO THIS TRANSMISSION CONTRARY TO ANY OF THE FOREGOING RESTRICTIONS, YOU ARE NOT AUTHORISED AND WILL NOT BE ABLE TO PURCHASE ANY OF THE NOTES DESCRIBED IN THE ATTACHED DOCUMENT. Confirmation of your representation: In order to be eligible to view the attached Prospectus or make an investment decision with respect to the securities being offered, prospective investors must be non-U.S. persons (as defined in Regulation S under the Securities Act (“Regulation S”)) located outside the United States. The Prospectus is being sent to you at your request, and by accessing the Prospectus you shall be deemed to have represented to the Issuer and the Joint Lead Managers that (1) you are purchasing the securities being offered in an offshore transaction (within the meaning of Regulation S) and the electronic mail address that you gave us and to which this email has been delivered is not located in the United States, its territories and possessions, any State of the United States or the District of Columbia and (2) you consent to delivery of such Prospectus by electronic transmission. You are reminded that the Prospectus has been delivered to you on the basis that you are a person into whose possession the Prospectus may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver the Prospectus to any other person. The materials relating to this offering do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the offering be made by a licensed broker or dealer, and the Joint Lead Managers or any affiliate of the Joint Lead Managers is a licensed broker or dealer in the relevant jurisdiction, the offering shall be deemed to be made by the Joint Lead Managers or such affiliate on behalf of the Issuer in such jurisdiction. The Prospectus may only be distributed to, and is directed at (a) persons who have professional experience in matters relating to investments falling within article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities falling within article 49(2)(a) to (d) of the Order, and other persons to whom it may be lawfully communicated, falling within article 49(1) of the Order (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this document or any of its contents. The Prospectus has been sent to you in electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of the Issuer, the Joint Lead Managers, any person who controls them or any director, officer, employee or agent of them or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the Prospectus distributed to you in electronic format and the hard copy version available to you on request from the Joint Lead Managers. STATE OIL COMPANY OF THE AZERBAIJAN REPUBLIC (a company organised and existing under the laws of the Republic of Azerbaijan) U.S.$500,000,000 5.45% Senior Unsecured Notes due 2017 Issue Price: 100% Application has been made (i) to the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 (the “UK Listing Authority”) for the U.S.$500,000,000 5.45% Senior Unsecured Notes due 2017 (the “Notes”) of State Oil Company of the Azerbaijan Republic (“SOCAR”, the “Company” or the “Issuer”) to be admitted to the official list of the UK Listing Authority (the “Official List”) and (ii) to the London Stock Exchange plc (the “London Stock Exchange”) for the Notes to be admitted to trading on the London Stock Exchange’s regulated market (the “Market”). References in this Prospectus to Notes being “listed” (and all related references) shall mean that such Notes have been admitted to the Official List and have been admitted to trading on the Market. The Market is a regulated market for the purposes of Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments. Interest on the Notes is payable semi-annually in arrear on 9 February and 9 August in each year. Payments on the Notes will be made without deduction for, or on account of taxes of, the Republic of Azerbaijan (“Azerbaijan” or the “Republic”) to the extent described under “Terms and Conditions of the Notes—Condition 10. Taxation”. The Notes are subject to redemption in whole, at their principal amount, together with accrued interest, at the option of the Issuer at any time on any Interest Payment Date in the event of certain changes affecting taxes of Azerbaijan. See “Terms and Conditions of the Notes—Condition 9. Redemption and Purchase”. _______________________________________________________________ Investing in the Notes involves a high degree of risk. See “Risk Factors”. _______________________________________________________________ The Notes will be offered and sold in offshore transactions outside the United States in reliance on Regulation S (“Regulation S”) under the U.S. Securities Act of 1933, as amended (the “Securities Act”). THE NOTES HAVE NOT BEEN NOR WILL BE REGISTERED UNDER THE SECURITIES ACT, OR ANY STATE SECURITIES LAW, AND THE NOTES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON (AS SUCH TERMS ARE DEFINED IN REGULATION S), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. The Notes will be issued in registered form in minimum denominations of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof. The Notes will be represented by a global registered note certificate (the “Global Certificate”), which will be registered in the name of BT Globenet Nominees Limited, as nominee for, and deposited with, a common depositary for Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking, société anonyme (“Clearstream, Luxembourg”) on or about 9 February 2012 (the “Closing Date”). Definitive note certificates (the “Definitive Note Certificates”) evidencing holdings of Notes will be available only in certain limited circumstances. See “Summary of Provisions Relating to the Notes in Global Form”. The Notes are expected to be rated BBB- by Fitch Ratings Limited (“Fitch”) and Bal by Moody’s Investors Service Ltd. (“Moody’s”). The Issuer’s current long-term rating by Fitch is BBB- (outlook stable), by Standard & Poor’s Credit Market Services Europe Limited (“S&P”) is BB+ (outlook stable) and by Moody’s is Ba1 (outlook stable). A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation. The credit ratings included or referred to in this Prospectus will be treated for the purposes of Regulation (EC) № 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (the “CRA Regulation”) as having been issued by Fitch, S&P and Moody’s, respectively. Each of Fitch, S&P and Moody’s is established in the European Union and was registered in accordance with the CRA Regulation with an effective date of 31 October 2011. JOINT LEAD MANAGERS Citigroup Deutsche Bank The Royal Bank of Scotland CO-MANAGERS Nomura Société Générale Corporate & Investment Banking The date of this Prospectus is 7 February 2012. This prospectus (this “Prospectus”) constitutes a prospectus for the purpose of Article 5.4 of Directive 2003/71/EC (the “Prospectus Directive”) and for the purpose of giving information with regard to the Company and its subsidiaries from time to time (taken as a whole, the “Group”), and the Notes which, according to the particular nature of the Company and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of the Company and the rights attaching to the Notes.
Load more

Recommended publications
  • The Project Financing of Cross-Border Pipelines a Presentation to the Energy Charter Workshop Brussels
    The Project Financing of Cross-Border Pipelines a presentation to the Energy Charter Workshop Brussels by Rubin Weston Chadbourne & Parke 17 October 2006 Regis House, 45 King William Street London EC4R 9AN Tel: +44 (0) 20 7337 8031 [email protected] © 2006, CHADBOURNE & PARKE All Rights Reserved Chadbourne & Parke: Legal Leaders in Energy Representing EBRD on the $180 million and $170 million financings of LUKoil’s and SOCAR’s respective investments in the Shah Deniz gas field and the South Caucasus Gas Pipeline Representing SOCAR on a $750 million loan facility in respect of the repayment of carry financing provided by TPAO and Exxon in respect of the ACG oil field and the financing of future cash calls Representing IFC on a $82 million loan to SC Petrotel-Lukoil SA to finance the modernisation of its refinery in Ploesti, Romania Represented Black Sea Trade and Development Bank and IFC on the financing of the Galata Gas Field, located offshore of Varna, Bulgaria in the Black Sea, the first limited recourse upstream project financing in the Black Sea Represented Transneft on a US $150 million syndicated receivable based financing facility arranged by Raiffeisen, Transneft’s first syndicated loan Represented IFC on the financing for a portion of LUKoil’s share of development of the Karachaganak field, the largest limited recourse petroleum project financing in Kazakhstan Represented Nations Energy on a US $150 million syndicated financing arranged by CSFB for the development of the Karazhanbas oil field in Kazakhstan and the
    [Show full text]
  • Contract of the Century Open
    25th Anniversary of Oil & Gas - Contract of the Century 25 Years Equal to the Century The Place to do Business in the Caspian Short-term Pain for Long-Term Gain – SDGs as a Framework Always Remain True to Yourself and Your Internal Culture Issue 35 Credits A Word From Executive Director of AmCham AmCham Executive Director: Dear members, As this September we celebrate the 25th anniversary of Natavan Mammadova “The Contract of the Century”, this edition of our quarterly magazine is devoted to this remarkable occasion. Editor: This has been one of the strategic contracts in the history of Aykhan Nasibli Azerbaijan, which create positive spillover to regional politics and energy security. Conscious of political and economic Articles contributed by: circumstances back to those days, we all realize that it has not been an easy task to sign this contract. Khoshbakht Yusifzade Well educated and highly skilled people are key for success Bakhtiyar Aslanbayli of any endeavor. This is with a deep gratitude to Mr. Ramin Isayev Khoshbakht Yusifzade, who has been instrumental in development of oil industry Vugar Samadli in our country and witnessed all troublesome process of negotiations. We have a Gunel Farajova pleasure of providing you with a flashback to the memorable history. Farid Isayev The Contract of the Century, which can be considered as a national strategy for success, has been extended for the next 30 years. It carries not only immense Richard V. Smith, Yunis Salayev social and economic impact to the country, but also serves for the energy security Aleksey Tushev, Valida Bashir of the region.
    [Show full text]
  • Proposed Multitranche Financing Facility Republic of Azerbaijan: Road Network Development Investment Program Tranche I: Southern Road Corridor Improvement
    Environmental Assessment Report Summary Environmental Impact Assessment Project Number: 39176 January 2007 Proposed Multitranche Financing Facility Republic of Azerbaijan: Road Network Development Investment Program Tranche I: Southern Road Corridor Improvement Prepared by the Road Transport Service Department for the Asian Development Bank. The summary environmental impact assessment is a document of the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff, and may be preliminary in nature. The views expressed herein are those of the consultant and do not necessarily represent those of ADB’s members, Board of Directors, Management, or staff, and may be preliminary in nature. 2 CURRENCY EQUIVALENTS (as of 2 January 2007) Currency Unit – Azerbaijan New Manat/s (AZM) AZM1.00 = $1.14 $1.00 = AZM0.87 ABBREVIATIONS ADB – Asian Development Bank DRMU – District Road Maintenance Unit EA – executing agency EIA – environmental impact assessment EMP – environmental management plan ESS – Ecology and Safety Sector IEE – initial environmental examination MENR – Ministry of Ecology and Natural Resources MFF – multitranche financing facility NOx – nitrogen oxides PPTA – project preparatory technical assistance ROW – right-of-way RRI – Rhein Ruhr International RTSD – Road Transport Service Department SEIA – summary environmental impact assessment SOx – sulphur oxides TERA – TERA International Group, Inc. UNESCO – United Nations Educational, Scientific and Cultural Organization WHO – World Health Organization WEIGHTS AND MEASURES C – centigrade m2 – square meter mm – millimeter vpd – vehicles per day CONTENTS MAP I. Introduction 1 II. Description of the Project 3 IIII. Description of the Environment 11 A. Physical Resources 11 B. Ecological and Biological Environment 13 C.
    [Show full text]
  • Political Prisoners in Azerbaijan1
    Declassified AS/Jur (2019) 01 22 January 2019 ajdoc01 2019 Committee on Legal Affairs and Human Rights Political prisoners in Azerbaijan1 Introductory Memorandum Rapporteur: Ms Thorhildur Sunna ÆVARSDÓTTIR, Iceland, Socialists, Democrats and Greens Group 1 Introduction 1.1. Procedure 1. On 1 June 2018, the motion for a resolution on “Political prisoners in Azerbaijan” (Doc. 14538) was referred to the Committee on Legal Affairs and Human Rights for report.2 I was appointed rapporteur by the Committee at its meeting in Strasbourg on 26 June 2018. 1.2. Issues at stake 2. The issue of political prisoners in Azerbaijan has been of concern to the Council of Europe since the time of the country’s accession. Following the 2001 examination of cases by the independent experts of the Secretary General (SG/Inf(2001)34, discussed below), the Parliamentary Assembly, in its Resolution 1272 (2002) on political prisoners in Azerbaijan, reiterated that no-one may be imprisoned for political reasons in a Council of Europe member state. In its Resolution 1359 (2004), the Assembly “formally ask[ed] the government of Azerbaijan for the immediate release on humanitarian grounds of political prisoners whose state of health is very critical, prisoners whose trials were illegal, prisoners having been political activists or eminent members of past governments, and members of their families, friends or persons who were linked to them … [and] the remaining political prisoners already identified on the experts' list.” In 2005, the Assembly adopted Resolution 1457 and Recommendation 1711, recalling its previous resolutions and, inter alia, calling on the Committee of Ministers to join it in adopting a joint position on the issue of political prisoners in Azerbaijan.
    [Show full text]
  • 42-58 Cooperation
    42 IPRI Journal Pakistan XVI-Azerbaijan, No.1 (Winte Economicr 201 and6): Defence42-58 Cooperation Pakistan-Azerbaijan Economic and Defence Cooperation Dr Kamal Makili-Aliyev and Khurram Abbas** Abstract Azerbaijan and Pakistan have a very unique political relationship that has surpassed territorial boundaries and geographical distance. It offers opportunities for cooperation in many areas, especially in the economic and defence sectors. Diplomatic relations, established since Azerbaijan‟s independence from the Soviet Union in 1991, have allowed these two countries to start developing cooperation very rapidly. Pakistan was the second country to recognise Azerbaijan‟s independence, and has not established diplomatic relations with Armenia.1 Both countries have supported each other diplomatically on the Nagorno-Karabakh conflict and Kashmir dispute at all international forums. This article is an attempt to identify the prospects and potential of strengthening economic and security ties between Pakistan and Azerbaijan. It also tries to explore the reasons behind the low volume of trade between the two countries, and makes concrete recommendations on how this trade volume can be increased. Key words: Pakistan, Azerbaijan, Economy, Security, Defence, Cooperation. Introduction akistan and Azerbaijan share common historic, cultural and religious values. The relationship between the two countries has covered P economic, defence, political and diplomatic cooperation since Azerbaijan‟s independence. However, despite a historically cordial political and strategic relationship between the two countries, their bilateral economic relations remain tepid. Both countries began economic The author is a Research Fellow at the Center for Strategic Studies (SAM) under the President of the Republic of Azerbaijan. ** The author is a PhD scholar at the Centre for International Peace and Stability (CIPS), National University of Science and Technology (NUST), Pakistan.
    [Show full text]
  • The Struggle for Democratic Environmental Governance Around
    The struggle for democratic environmental governance around energy projects in post-communist countries: the role of civil society groups and multilateral development banks by Alda Kokallaj A thesis submitted to the Faculty of Graduate and Postdoctoral Affairs in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Political Science Carleton University Ottawa, Ontario © 2014 Alda Kokallaj Abstract This dissertation focuses on the struggle for democratic environmental governance around energy projects in post-communist countries. What do conflicts over environmental implications of these projects and inclusiveness reveal about the prospects for democratic environmental governance in this region? This work is centred on two case studies, the Baku-Tbilisi-Ceyhan oil pipeline and the Vlora Industrial and Energy Park. These are large energy projects supported by the governments of Azerbaijan, Georgia and Albania, and by powerful international players such as oil businesses, multilateral development banks (MDBs), the European Union and the United States. Analysis of these cases is based on interviews with representatives of these actors and civil society groups, narratives by investigative journalists, as well as the relevant academic literature. I argue that the environmental governance of energy projects in the post-communist context is conditioned by the interplay of actors with divergent visions about what constitutes progressive development. Those actors initiating energy projects are shown to generally have the upper hand in defining environmental governance outcomes which align with their material interests. However, the cases also reveal that the interaction between civil society and MDBs creates opportunities for society at large, and for non-government organizations who seek to represent them, to have a greater say in governance outcomes – even to the point of stopping some elements of proposed projects.
    [Show full text]
  • A Descriptive Study of Social and Economic Conditions
    55 LIFE IN NAKHICHEVAN AUTONOMOUS REPUBLIC: A descriptive study of social and economic conditions Supported by UNDP/ILO Ayse Kudat Senem Kudat Baris Sivri Social Assessment, LLC July 15, 2002 55 56 TABLE OF CONTENTS Summary and Next Steps Preface Characteristics of the Region History Governance Demographics Household Demographics and Employment Conditions Employment/ Unemployment Education Economic Assessment Government Expenditures NAR’s Economic Statistics Household Expenditure Structure Income Structure Housing Conditions Determinants of Welfare Agriculture Sector in NAR Water Electricity Financing Feed for Livestock Magnitude of Land Holding Subsidies Markets NAR Region District By District Infrastructure Sector Energy Power Generation Natural Gas Project Water Supply Transportation Social Infrastructure 56 57 Health Education Enterprise Sector People’s Priorities Issues Relating to Income Generation Trust and Vision Money and Banking Community Development ARRA Damage Assessment for the Region Other Donor Activities 57 58 Summary and Next Steps The 354,000 people who live in the Nakhichevan Autonomous Republic (NAR) present a unique development challenge for the Government of Azerbaijan and for the international community. Cut off and blockaded from the rest of Azerbaijan as a result of the conflict with Armenia, their traditional economic structure and markets destroyed by the collapse of the former Soviet Union, their physical and social infrastructure hampered by a decade or more of lack of maintenance and rehabilitation funding, NAR’s present status is worse than much of the rest of the country and its prospects for the future require imagination and innovative thinking. This report deals with the challenges of NAR today and what peoples’ priorities are for the future.
    [Show full text]
  • Azerbaijan 2021 Energy Policy Review Co-Funded by the European Union
    Co-funded by the European Union Azerbaijan 2021 Energy Policy Review Co-funded by the European Union Azerbaijan 2021 Energy Policy Review INTERNATIONAL ENERGY AGENCY The IEA examines IEA member IEA association the full spectrum countries: countries: of energy issues including oil, gas Australia Brazil and coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance Ireland the reliability, Italy affordability and Japan sustainability of Korea energy in its 30 Luxembourg member countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States The European Commission also participates in the work of the IEA Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/ Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword The International Energy Agency (IEA) has been conducting in-depth peer reviews of the energy policies of its member countries – and of other countries – since 1976, and it recently modernised these reviews to focus on some of the countries’ key energy transition and security challenges. FOREWORD Azerbaijan is one of the focus countries of the EU4Energy programme, which is carried out by the IEA and the European Union along with the Energy Community Secretariat and the Energy Charter Secretariat.
    [Show full text]
  • World Bank Document
    Report No. 60180-AZ Public Disclosure Authorized Azerbaijan: Country Environmental Analysis Public Disclosure Authorized Priorities, Public Environmental Expenditures, and Institutional Readiness March 2011 Public Disclosure Authorized Sustainable Development Department Europe and Central Asia Region The World Bank Public Disclosure Authorized Azerbaijan: Country Environmental Analysis Priorities, Public Environmental Expenditures, and Institutional Readiness Contents Abbreviations and Acronyms ........................................................................................................... 6 Acknowledgments ............................................................................................................................ 8 Executive Summary ......................................................................................................................... 9 Introduction .................................................................................................................................... 14 A. The approach ....................................................................................................................... 15 B. Key environmental issues and priority setting .................................................................... 15 C. The State Environment Program ......................................................................................... 20 i. The process of formulation and implementation ............................................................. 20 ii. Selection of
    [Show full text]
  • Caspian Oil and Gas Complements Other IEA Studies of Major Supply Regions, Such As Middle East Oil and Gas and North African Oil and Gas
    3 FOREWORD The Caspian region contains some of the largest undeveloped oil and gas reserves in the world. The intense interest shown by the major international oil and gas companies testifies to its potential. Although the area is unlikely to become “another Middle East”, it could become a major oil supplier at the margin, much as the North Sea is today. As such it could help increase world energy security by diversifying global sources of supply. Development of the region’s resources still faces considerable obstacles. These include lack of export pipelines and the fact that most new pipeline proposals face routing difficulties due to security of supply considerations,transit complications and market uncertainties. There are also questions regarding ownership of resources, as well as incomplete and often contradictory investment regimes. This study is an independent review of the major issues facing oil and gas sector developments in the countries along the southern rim of the former Soviet Union that are endowed with significant petroleum resources: Azerbaijan, Kazakstan,Turkmenistan and Uzbekistan. Caspian Oil and Gas complements other IEA studies of major supply regions, such as Middle East Oil and Gas and North African Oil and Gas. It also expands on other IEA studies of the area, including Energy Policies of the Russian Federation and Energy Policies of Ukraine. The study was undertaken with the co-operation of the Energy Charter Secretariat, for which I would like to thank its Secretary General, Mr. Peter Schütterle. Robert Priddle Executive Director 5 ACKNOWLEDGEMENTS The IEA wishes to acknowledge the very helpful co-operation of the Energy Charter Secretariat, with special thanks to Marat Malataev, Temuri Japaridze, Khamidulah Shamsiev and Galina Romanova.
    [Show full text]
  • Great Spotted Cuckoo Clamator Glandarius, a New Species for Azerbaijan and the Nakhchivan Autonomous Republic
    Ukrainian Journal of Ecology Ukr ainian Journal of Ecology, 2021, 11(3), 75-78, doi: 10.15421/2021_146 ORIGINAL ARTICLE Great spotted cuckoo Clamator glandarius, a new species for Azerbaijan and the Nakhchivan Autonomous Republic A.F. Mammadov1*, A.V. Matsyura2, E.H. Sultanov3, A. Bayramov4 1 Institute of Bioresources of the Nakhchivan Branch of the National Academy of Sciences of Azerbaijan, 10 Babek St., Nakhchivan, Azerbaijan Republic 2 Altai State University, 61 Lenin St., Barnaul, Russian Federation 3 Azerbaijan Ornithological Society, Baku Engineering University, Baku, Azerbaijan 4 Institute of Bioresources of the Nakhchivan Branch of the National Academy of Sciences of Azerbaijan, 10 Babek St., Nakhchivan, Azerbaijan Republic *Corresponding author E-mail: [email protected] Received: 10.04.2021. Accepted 22.05.2021 Clamator glandarius is reported from the Nakhchivan Autonomous Republic. During the first field trip, one individual was observed, and two individuals during the second trip for species mating were registered. Keywords: Great spotted cuckoo, Nakhchivan Autonomous Republic, mating, breeding season Introduction The Caucasus is one of the biodiversity hotspots, including Georgia, Azerbaijan (Nakhchivan AR), Armenia, and partly northern Iran (Fig. 1). According to Conservation International and WWF, this region is home to many endemic species and is one of the essential hotspot regions in terms of biodiversity (https://www.caucasus-naturefund.org/ecoregion/). The formation of the Caucasus goes back to the Oligocene age (33.7–23.8 Ma); while it was a small continental island in this period, it became a natural barrier by rising at the end of the Pliocene (5–2 Ma) (Demirsoy, 2008).
    [Show full text]
  • 14.Az:“Energy (Electricity & Gas) Sector Performance Assessment And
    14.AZ:“ENERGY (ELECTRICITY & GAS) SECTOR PERFORMANCE ASSESSMENT AND IMPROVEMENT UNDER THE REGULATORY PERSPECTIVE” INOGATE Technical Secretariat (ITS) and Integrated Programme in support of the Baku Initiative and the Eastern Partnership energy objectives Contract No 2011/278827 A project within the INOGATE Programme Implemented by: Ramboll Denmark A/S (lead partner) EIR Development Partners Ltd. The British Standards Institution LDK Consultants S.A. MVV decon GmbH ICF International Statistics Denmark Energy Institute Hrvoje Požar i Project Title: “ENERGY (ELECTRICITY & GAS) SECTOR PERFORMANCE ASSESSMENT AND IMPROVEMENT UNDER THE REGULATORY PERSPECTIVE” Contract No: 2011/278827 Country: Azerbaijan Project Office EC Contractor INOGATE Technical Secretariat Kiev Ramboll Denmark A/S Name Kudriavska 26/28 Hannemanns Allé 53, Address 04053 Kiev – Ukraine 2300 Copenhagen S Denmark +380 44 230 2754 +45 51 61 85 91 Tel. Number +380 44 230 2753 +45 51 61 10 01 Fax Number e-mail Contact Person Signatures Authors: Non Key Expert Team CONTRACTING AUTHORITIES Signature Date EC Programme Ms Viola Calabrese Manager Document title ENERGY (ELECTRICITY & GAS) SECTOR PERFORMANCE ASSESSMENT AND IMPROVEMENT UNDER THE REGULATORY PERSPECTIVE Prepared by Konstantinos Perrakis, Katerina Sardi, Nikos Tourlis and Zaur Mamadov Checked by Nikos Tsakalidis Date January 2015, March 2015 ii Acronyms ACER Agency for the cooperation of Energy Regulators AGI Above Ground Installation AHEF Ad-Hoc Expert Facility BETTA British Electricity Trading and Transmission Arrangements
    [Show full text]