New appointment to the management of the Petkim

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More from Economy

Azerbaijan: Partaking in Ukrainian investment agro-projects promising

13.03.2017 21:35 GMT

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Azerbaijan considers it promising to partake in agriculture investment projects in Ukraine, said Economy Minister Shahin Mustafayev.

Discount rate remained unchanged at CBA board meeting

13.03.2017 20:27 GMT

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The next board meeting of the Central Bank of Azerbaijan (CBA) was held on March 10, 2017.

Baku to host CaspianAgro 2017 exhibition

13.03.2017 17:03 GMT

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A major regional forum of agricultural producers the 11th Azerbaijan International Agriculture CaspianAgro 2017 exhibition will take place from 17th to 19th May in Baku.

New Regional President for BP’s Azerbaijan, Georgia and Turkey appointed

13.03.2017 15:00 GMT

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Gary will succeed Gordon Birrell, who has successfully led BP’s regional business since November 2012.

SOCAR buys seven oil tankers

13.03.2017 11:10 GMT

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SOCAR, which set up its trading unit in 2008, has been expanding its oil and oil products trading and logistics operations in Europe.

MP speaks against closure of banks

13.03.2017 11:08 GMT

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Some more banks may shut down in Azerbaijan in 2017.

SOCAR Trading’s market value almost quadruples

11.03.2017 10:00 GMT

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The market value of SOCAR Trading SA, the marketing arm of Azerbaijan’s state oil company SOCAR, was $1.15 billion as of June 30, 2016, reads a message on the company’s website.

Azerbaijan increases retirement age to 65 years

11.03.2017 09:33 GMT

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Azerbaijani Parliament has approved the amendments to the Law on Labour Pensions.

Azerbaijan plans to produce over 1 ton of gold at one of mines

11.03.2017 09:26 GMT

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AzerGold CJSC was created Feb. 11, 2015.

Azerbaijan sees 21% decline in bank lending

10.03.2017 20:24 GMT

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As of February 1, 2017, provision of crediting in Azerbaijan’s economy amounted to AZN 16,043,600,000, down 21% or AZN 4,261,900,000 from previous year.

Azerbaijan sees 3.4 times decline in USD transactions

10.03.2017 20:21 GMT

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The volume of the foreign currency operations declined 3.27 times in January 2017.

OPEC won't extend cuts to offset shale – sources

10.03.2017 19:48 GMT

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Senior Saudi energy officials told top independent US oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from US shale fields, two industry sources told Reuters.

USD rate for March 13 announced

10.03.2017 17:45 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 13.

Azerbaijan quits EITI

10.03.2017 15:47 GMT

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"Azerbaijan was one of the countries that achieved a lot of “firsts” in EITI."

Azerbaijani oil price falls by $3

10.03.2017 11:58 GMT

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Azerbaijani oil has experienced decline in price.

Chinese Ambassador: Azerbaijan is an investment-attractive country

10.03.2017 09:15 GMT

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"CNPC is ready to develop a long-term strategic plan of cooperation with such Azerbaijani partners as SOCAR."

Kiev to host Azerbaijan-Ukraine business forum

09.03.2017 21:40 GMT

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The Azerbaijan-Ukraine business forum will be held in Kiev next week as part of Economy Minister Shahin Mustafayev’s visit to the Ukrainian capital, said the Azerbaijani Economy Ministry.

Azerbaijan`s Minister of Economy to visit Ukraine

09.03.2017 20:18 GMT

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A delegation of Azerbaijani businessmen led by Minister of Economy Shahin Mustafayev will pay a working visit to Ukraine on March 12, AzerTag reports.

USD rate for tomorrow announced

09.03.2017 17:49 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 10.

Per capita external debt of Azerbaijan disclosed

09.03.2017 16:12 GMT

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The external debt per capita makes $704.7.

AMF starts placement of next bond issue

09.03.2017 11:05 GMT

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On March 10 an auction on placement of issue of interest-bearing, book-entry bonds of Azerbaijan Mortgage Fund will be held at Baku Stock Exchange (BSE).

Italian Snam to invest 270m euros in TAP

09.03.2017 10:44 GMT

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Italian natural gas firm Snam has revealed plans to invest 270 million euros in the Trans Adriatic Pipeline (TAP) project.

Iran, Russia, Azerbaijan Republic sign MoU on rail cooperation

07.03.2017 23:02 GMT

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Railway delegations from Iran, Russia and Republic of Azerbaijan in a trilateral meeting here on Tuesday signed memorandum of understanding (MoU) on railway cooperation, IRNA reported.

Azerbaijani Parliament re-elects Central Bank management

07.03.2017 19:32 GMT

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Alim Guliyev has been re-elected as the first deputy chairman of the Central Bank of Azerbaijan (CBA) under a decision made at a plenary session of the Parliament Mar. 7.

New members of Central Bank’s Management Board confirmed

07.03.2017 14:38 GMT

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New members of Central Bank’s Management Board have been confirmed.

IAEA verifies Iran’s adherence to JCPOA for over year

07.03.2017 11:02 GMT

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The International Atomic Energy Agency (IAEA) has once again verified Iran’s adherence to its commitments under a July 2015 nuclear agreement between the Islamic Republic and six global powers, IAEA Director General Yukiya Amano said.

Azerbaijan to partake in int’l tourism fair in Berlin

06.03.2017 21:01 GMT

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Opening of Azerbaijan’s stand at the tourism exhibition ITB Berlin will take place March 8, press service of Azerbaijan’s Ministry of Culture and Tourism reported.

Bust of outstanding oilman and statesman Nikolai Baibakov unveiled in Baku

06.03.2017 20:12 GMT

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A bust of Nikolai Baibakov, famous public figure and Hero of Socialist Labor, has been unveiled at secondary school No. 67 in Sabunchu settlement, Baku.

Capitalization process completed in five banks, running in others

06.03.2017 19:06 GMT

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Process in two banks, of which EBRD is shareholder, is about to complete.

Azerbaijan to produce two other types of drones

06.03.2017 16:49 GMT

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Azerbaijan plans to produce two other types of unmanned aerial vehicles (UAV) in 2017, read the government’s report for 2016, APA reported.

2.4 million tons of Azerbaijani oil transported via BTC in February

03.03.2017 20:50 GMT

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The Baku-Tbilisi-Ceyhan-BTC main export pipeline transported 1,989,636 tons of Azerbaijani oil in February, 2017, according to SOCAR.

SOCAR commissions new well in Caspian Sea

03.03.2017 19:22 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce 4,380 tons of oil annually through commissioning a new well in the Caspian Sea, SOCAR said in a message March 3.

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