Oil prices up nearly 1 percent on soft dollar, OPEC speculation

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More from Economy

SOFAZ sells $50m at today's auction

25.08.2016 13:37 GMT

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The State Oil Fund of Azerbaijan Republic (SOFAZ) has auctioned $50m.

Iran envoy: No deal to export gas to Georgia via Armenia

25.08.2016 13:31 GMT

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At the moment, there is no agreement on the gas export from Iran to Georgia, Iran’s Ambassador to Azerbaijan Mohsen Pak Ayeen told Trend August 25.

Renault Russia plans to deliver cars to Azerbaijan

25.08.2016 13:06 GMT

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French automobile concern Renault plans to deliver cars to Azerbaijan from Russia, Reuters reported Aug. 24 citing the concern’s management in Russia.

Azerbaijanis rank eighth for the number of apartments purchased in Turkey

25.08.2016 11:30 GMT

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Azerbaijani citizens have taken the eighth place for the number of apartments they purchased in Turkey.

MRC Global may enter Azerbaijani market

25.08.2016 10:59 GMT

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MRC Global company is considering an opportunity of entering the Azerbaijani market, said a message of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) published on its website.

Azerbaijan produces first oil from onshore field

25.08.2016 10:53 GMT

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Canadian Zenith Energy LTD has extracted the first oil from onshore Muradkhanli-Jafarli-Zardab block of fields in Azerbaijan.

“Wine Tour” allowed Azerbaijan to join 1st Global Conference on Wine Tourism

25.08.2016 09:51 GMT

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Azerbaijan will participate on the 1st Global Conference on Wine Tourism, Fineko/abc.az reports.

ADB postpones loan allocation for North-South project

25.08.2016 09:46 GMT

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ADB has postponed the allocation of a loan for the North-South project.

Azerbaijan, WTO to hold discussions after mid-2017

25.08.2016 09:45 GMT

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The next round of discussions on Azerbaijan’s joining the World Trade Organization (WTO) will be held no earlier than the end of the first half of 2017.

Oil prices fall as market focus returns to global supply overhang

25.08.2016 09:27 GMT

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International benchmark Brent crude oil futures LCOc1 were trading at $48.95 per barrel at 0132 GMT in early Asian trade, down 10 cents.

USD rate for August 25 announced

24.08.2016 17:59 GMT

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The Central Bank of Azerbaijan has announced the dollar rate for tomorrow, August 25.

Moldova interested in cooperation with Azerbaijan

24.08.2016 15:27 GMT

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Moldova is interested in participation of Azerbaijani companies in development of hydrocarbon resources, Ambassador of the Republic of Moldova to Azerbaijan Gheorghe Leuca said.

ADIF pays over AZN 206M compensation to nine closed banks’ customers

24.08.2016 15:02 GMT

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Since August 1, Azerbaijan Deposits Insurance Fund (ADIF) has started to pay copmensations to Dekabank OJSC, Kredobank OJSC, Parabank OJSC and Zaminbank OJSC.

ADB approves multi-million loan to Azerbaijan

24.08.2016 13:31 GMT

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The fourth tranche will be used to complete work in Agdash and Beylagan towns.

Azerbaijan, Kazakhstan, Georgia mull cargo tariffs reduction

24.08.2016 12:38 GMT

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The sides talked about the reduction of tariffs for transportation of steel products, grain, oil, gas, as well as container transportations in Kazakhstan, Azerbaijan and Georgia.

Azerbaijan’s industrial production increases

24.08.2016 11:18 GMT

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In July the nominal volume of Azerbaijan’s industrial production declined 4% versus June 2016, Fineko/abc.az reports.

Azerbaijan’s core inflation fastens up to 12.1%

24.08.2016 09:58 GMT

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The State Statistics Committee of Azerbaijan has published the data on basic consumer price index (CPI) in Azerbaijan: for Jan-July the core inflation remained higher than consumer inflation, but not to changed from previous month.

BP Azerbaijan: ACG production for two quarters equals to 119m barrels

23.08.2016 22:16 GMT

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BP Azerbaijan informed about the first half of 2016 results.

OPEC freeze will not push up crude prices, Goldman says

23.08.2016 21:18 GMT

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Decision to freeze oil output ‘self-defeating,’ investment bank warns.

USD rate for tomorrow announced

23.08.2016 18:20 GMT

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The Central Bank of Azerbaijan has announced dollar rate for August 24.

SOCAR about sponsorship of new stadium construction for Trabzonspor

23.08.2016 16:20 GMT

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Information spread in media that the Azerbaijani State Oil Company (SOCAR) will become the official sponsor of the new stadium Trabzonspor, is untrue.

30,000 Arab tourists from Gulf countries expected to travel to Azerbaijan

23.08.2016 15:48 GMT

Around 30,000 Arab tourists from GCC expected to travel to Azerbaijan in the summer.

Nizhny Novgorod-Baku flight to be launched from August 25

23.08.2016 14:45 GMT

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On August 25, Komiaviatrans Air Company will launch Nizhny Novgorod-Baku-Nizhny Novgorod flight, APA reports.

Shopping-festival in Azerbaijan continues and strengthens

23.08.2016 14:36 GMT

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The shopping-festival, which returned to Azerbaijan in April, is ongoing: for Jan-July retail sales of nonfoods was by 2.2% higher than the food trade.

Azerbaijan to attend World Energy Congress in Istanbul

23.08.2016 13:53 GMT

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Azerbaijan`s delegation will attend the 23rd World Energy Congress to be held in Istanbul in October, AzerTag reports.

SOFAZ sells $46m at today's auction

23.08.2016 13:20 GMT

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The State Oil Fund of Azerbaijan Republic (SOFAZ) has auctioned $50m.

Another joint-stock company liquidated in Azerbaijan

23.08.2016 11:35 GMT

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"Maye Qaz Xidməti" (Liquid Gas Service) JSC has been liquidated, Report informs citing official media.

Oil prices fall as analysts say market still oversupplied

23.08.2016 11:27 GMT

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Oil prices fell on Tuesday, with Goldman Sachs warning that August's price rally had been overdone.

Azerbaijan, EU resuming talks within existing co-op mechanism

23.08.2016 09:47 GMT

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Azerbaijan and the European Union are resuming negotiations within the framework of the existing mechanism of cooperation, Azerbaijan’s Deputy Foreign Minister Mahmud Mammad-Guliyev told Trend Aug. 22.

Central Bank: Rumours on devaluation are groundless

22.08.2016 19:23 GMT

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Central Bank of Azerbaijan commented on the rumours on upcoming devaluation of the national currency.

CBAR keeps USD exchange rate unchanged again

22.08.2016 17:26 GMT

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The Central Bank of Azerbaijan Republic (CBAR) has declared USD official exchange rate for August 23 at 1.6204 AZN/USD.

IMF mission to arrive in Azerbaijan in September

22.08.2016 15:51 GMT

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Members of the Board of Directors of International Monetary Fund (IMF) to visit Azerbaijan.

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