Azeri methanol firm to raise $1bn through bonds

A petrochemical company in Azerbaijan has announced plans to raise $1 billion (¬£0.6bn) through bonds in London. Azerbaijan Methanol Company (AzMeCo)¬†supplies methanol to customers worldwide, including 180,000 tonnes a year marketed globally by BP Chemicals. The company’s financial adviser, Highgrove Securities LLP, said the securities will be offered to investors in a private placement. However, […]

Is Azerbaijan the next energy hub?

While Wimbledon champ Boris Becker serves up some Azerbaijani shopping anecdotes, there’s much more to this country 20 years into its independence from the Soviet Union – as the dozens of British firms rushing to get a piece of its energy sector reveals. ELN’s Priyanka Shrestha reports.

BP’s new deal with Azerbaijani methanol firm

Oil giant BP signed a huge agreement with an Azerbaijani methanol production firm in London yesterday. The contract with AzMeCo, which will see BP buy methanol from the company’s plant in Azerbaijan, was witnessed by delegates at the Caspian Corridor conference (pictured). The countries in the Caspian region are believed to be some of the […]