TEHRAN, Iran — A magnitude 5.9 earthquake struck northwestern Iran early Friday, killing at least five people and injuring over 300 others, officials said. The temblor struck Tark county in Iran’s Eastern Azerbaijan province at 2:17 a.m., Iran’s seismological center said. The area is some 400 kilometers (250 miles) northwest of Iran’s capital, Tehran. Over...
Hungarian energy firm MOL
is buying Chevron's stake in a giant oilfield
in Azerbaijan for $1.57 billion, as U.S. majors retreat from the
central Asian state after 25 years to refocus on production at
Azerbaijan's president dismissed the influential head of his presidential administration on Wednesday, part of a reshuffle since he criticized the pace of economic reforms in the oil- and gas- producing country.
Police in Azerbaijan on Saturday detained scores of protesters, including the leader of the main opposition Popular Front, at the start of a planned rally against low salaries, corruption and a lack of democracy in the energy-rich ex-Soviet state.
Russia's biggest mobile phone
operator MTS said on Thursday it had no firm agreements
on the possible sale of its Ukrainian unit, after a report said
Azerbaijan's Bakcell was seeking approval from the Ukrainian
authorities to buy it.
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