Azerbaijani Parliament passes several bills
By Kamila Aliyeva
Azerbaijan’s Parliament held another plenary session on May 2 and considered a wide range of issues.
The parliamentarians first ratified a risk-service contract (contract with a minimum guarantee of compensation) on the exploration and development of the offshore block, which includes Umid gas field and the promising structure of Babek in the Caspian.
The contract was signed between SOCAR and SOCAR Umid Oil and Gas Limited.
In addition, the parliament ratified an additional contract for the exploration and carrying out of oil and gas operations to develop a sea block that includes Umid field and a promising Babek structure in the Azerbaijani sector of the Caspian Sea, signed between SOCAR Umid Oil and Gas Limited and Umid-Babek Exploration & Production.
The reserves of the perspective structure Babek, according to preliminary data, might reach 400 billion cubic meters of gas and 80 million tons of condensate, while the reserves of the Umid field are more than 200 billion cubic meters of gas and 40 million tons of condensate.
The draft law "On the encumbrance of movable property" aimed at simplifying the use of various tools, equipment and other movable objects as collateral when obtaining a loan was adopted in the second reading.
Under the Bill, the encumbrance of movable property is divided into three categories – state, municipal and special.
The draft law also envisages creation of a register of encumbrance of movable property to be organized in the form of electronic information system for introduction and receipt of references.
The draft law "On the Diplomatic Service" was submitted for discussion and adopted as well.
From now on, trade representatives in the embassies and consulates of Azerbaijan operating abroad will be given the rank of extraordinary and plenipotentiary diplomatic envoy of the second class.
In addition, the law "On Passports" was amended. According to the changes, diplomatic representatives in foreign embassies and consulates of Azerbaijan will receive diplomatic passports.
The changes were proposed in order to implement the presidential decree of January 26, 2017 "On the appointment of trade representatives in embassies and consulates of the Republic of Azerbaijan operating abroad."
Today's plenary session of Parliament also discussed the draft law "On code of ethics of a member of Milli Majlis of the Republic of Azerbaijan".
This law refers only to those who have the status of a parliamentarian. It deprives MPs, roughly violating codes of ethics, of mandates, bans use of abusive words and interrupting.
The draft law was adopted in the first reading.
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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva
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