OPEC Secretary General thanks Azerbaijan

W1siziisijiwmtcvmdkvmjmvmtivmtivmjivmzcyzjhinjmtmzu3ys00ogzllwi1mgutytfkmde0ywq2ztm2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=e4946eeb65ead8ab W1siziisijiwmtcvmdkvmjivmtcvmjkvmtgvmmvmyzrhmzqtntawms00odmyltkyztctyzk2mgu0zjjjzgu0l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=36b75b1e6b0ce5b2 W1siziisijiwmtcvmdkvmjevmjavmzevmjevowq1mwqzzgitmzrlzc00mwzjlwi0ymitmjfjnmzmyjc0otdkl2hhbmrzagfrzs5qcgcixsxbinailcj0ahvtyiisijm1mhgynzajil1d?sha=8048eefdaa83d489 W1siziisijiwmtcvmdkvmjevmtkvntcvmdavymy2ndbjntytzdbkyi00mmy0ltkzowitnta0yzqxmde2otq3lzu3mgi0ngjjzgu1m2i0zjq4mtq1yzc4ntq0mzdhnmm4lmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=b68c18b53f07e9b9 W1siziisijiwmtcvmdkvmjevmtcvndmvmzqvn2m5ywu3ztktndjhmy00ytm4ltk2ndutmtnindflmjm2nzg2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=28d668f78058ff51

More from Economy

SOCAR: Azerbaijan remains committed to the OPEC deal

21.08.2017 21:05 GMT

W1siziisijiwmtcvmdgvmjevmjevmdcvmjkvngu5zwm3y2utzjzmoc00yzjllthhn2ytntu5ztzkmjaymde5l3ryzw5kx19yb3zuywdfywjkdwxsyxlldl8wnjazmtuuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=e1366cd7f772f00f
Azerbaijan remains committed to its obligations under a global deal [Vienna agreement] among OPEC and some non-OPEC nations to cut the oil production, said Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, in his interview with Reuters.

US dollar rate to Azerbaijani manat set at AZN 1.7008 on August 22

21.08.2017 17:48 GMT

W1siziisijiwmtcvmdgvmjevmtcvntavmjavm2vjngu3ytytzgnkyy00otg1lwjkmdgtnjqyywewy2qzmmiyl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=6b1094ccf47dd5f4
The Central Bank of Azerbaijan (CBA) announced the exchange rate of US dollar for Tuesday.

5th Investors’ Fair due in October

21.08.2017 16:37 GMT

W1siziisijiwmtcvmdgvmjevmtyvmzkvmzqvzjcyowu5ztatognlzs00odzhltkzotgtn2jmmmiyotdiowe3l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=59e44675a231a437
The next 5th Investors’ Fair is to be held in Baku in October.

166 more state objects to be offered for privatization in Azerbaijan

21.08.2017 14:10 GMT

W1siziisijiwmtcvmdgvmjevmtqvmjmvmdmvm2jlyjqyzwytymqyos00ndvkltgyntmtyzu5ngrkmjlizjdil2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=41b88a40e1ef8ba8
The State Committee for Property Affairs of Azerbaijan will hold another auction on privatization of state objects on September 19.

Turkey and Azerbaijan among 5 most popular EXPO 2017 pavilions

21.08.2017 12:20 GMT

W1siziisijiwmtcvmdgvmjevmtivmjkvmjuvztlkztu4ntqtotqyyi00m2vjlwi5ymytndjim2m4yjrlyznkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=39cc055d9dfdd29c
Azerbaijan’s pavilion has ranked fifth in terms of attendance at EXPO 2017 International Exhibition in Astana.

Sahil metro station closed for a year in Baku

21.08.2017 10:38 GMT

W1siziisijiwmtcvmdgvmjevmtavmzkvntavntbjnzfknmutzmuyns00otzllwjjzmety2jinzy4mdlizmqyl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=fa3c467d0e420d23
Sahil subway station has been closed for major overhaul in Baku today.

Global Forum of Young Leaders kicks off in Baku today

21.08.2017 09:52 GMT

W1siziisijiwmtcvmdgvmjevmdkvntqvntevzddlyzvkodmtyzvjyy00otq3lthkotctzgezmweyyjmxotrhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ea01264bd47307fe
The Global Forum of Young Leaders to kick off in Baku today.

President Ilham Aliyev inaugurated Heydar Aliyev Center in Gadabay

20.08.2017 13:10 GMT

W1siziisijiwmtcvmdgvmjavmtmvmjqvntavmtfknwjmztutnmfkys00ymqzlwi1nzytywnimdy0yzlhndgzlznhzwjmntc3zmrindqyywu3ytq3m2fmymy0ywvhndq0lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=78787c6aac6d2f01
President of the Republic of Azerbaijan Ilham Aliyev has today attended the opening of Heydar Aliyev Center in Gadabay.

President Ilham Aliyev attended opening of lemonade plant in Gadabay

20.08.2017 13:06 GMT

W1siziisijiwmtcvmdgvmjavmtmvmdcvmjgvmtazywvjnwytyzq2zc00zji4lwe5nzgtogi4ymu3yze3ogfilzk5nmqyywy0zja3mtdjowmzmziwnzbhmdk1mdqzogexlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=9cd539aafe138ef8
President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of a lemonade plant of Gadabay Mineral Waters LLC.

President Ilham Aliyev launches Chichakli Hydroelectric Power Station after major overhaul

19.08.2017 17:01 GMT

W1siziisijiwmtcvmdgvmtkvmtcvmdqvmdyvodzknjfkzdatzme0os00otkxlthmzdmtotc0oty5mzy5zddil1njcmvlbnnob3qglsawm18woc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=1b312190b767edb6
President of the Republic of Azerbaijan Ilham Aliyev has today attended the opening of the newly renovated 3 MW Chichakli Hydroelectric Power Station in Ashaghi Zurnabad settlement in the country’s Goygol district.

Oil jumps 3 percent as dollar falls, U.S. rig count drops

19.08.2017 12:49 GMT

W1siziisijiwmtcvmdgvmtkvmtivntevmdavotc5ztfmywutmddhmi00y2yxlwjmmtatmzaxzjdhmzi2m2e5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=5205c85932982614
Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.

Construction works in Masalli Industrial Zone to be completed in 1Q18

19.08.2017 12:38 GMT

W1siziisijiwmtcvmdgvmtkvmtivndavmdqvzdziowi4yjatztllms00mze0ltk0mditntfkztvmotc3mduxl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=b13a9043c7785af1
Construction works in the Masalli Industrial Zone (MIZ) are planned to be completed in 1Q18, the Azerbaijani Economy Ministry said in a message.

Pobeda Airlines not to fly to Baku anymore

18.08.2017 21:02 GMT

W1siziisijiwmtcvmdgvmtgvmjevmdmvmzuvodm3ytayngqtmmm4yi00ndzkltllytmtmtbjmjeyode4nmjhlzewmzu5oteymjquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=f2f440de5d293f49
Russia’s low-cost airline Pobeda will not renew the Rostov-Baku-Rostov flights, abc.az reports.

Azerbaijani company seeking investors to produce oil, gas equipment

18.08.2017 20:49 GMT

W1siziisijiwmtcvmdgvmtgvmjavntcvmzmvmjvlotezmdgtywmxzi00mdlilwixntktzdexmtm0owe2nzgxl29pbf9lcxvpcg1lbnrfmjcwmte2lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=686ab6ee82e53228
ADO-G Group of Companies is attracting investors for construction of a plant for production of oil and gas equipment, as well as large metal structures for marine purposes in Azerbaijan’s Zira settlement, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) reported.

Funds allocated for reconstruction of water infrastructure in Baku’s Khazar district

18.08.2017 19:26 GMT

W1siziisijiwmtcvmdgvmtgvmtkvmjcvndyvmtg5nzq3nzetmtaxny00mja5ltg2yzitm2jjy2e4yzhkmta1lzc2ogzjztm0mze4zmm2nje0zdg0odexyje4ndnlzdgylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ff7e8130c68653ad
Azerbaijan’s President Ilham Aliyev has signed an order on additional measures to continue the implementation of the project on the reconstruction of water supply and sewage systems in Bina, Mardakan, Shaghan and Shuvalan settlements of Baku’s Khazar district.

SOCAR commissions new well in Caspian Sea

18.08.2017 19:24 GMT

W1siziisijiwmtcvmdgvmtgvmtkvmjuvntmvodc5ndg0zwmtntm0ns00ntq5lwfizwutotdlzdg1yjm4otfjl29pbf9yawdfc29jyxjfmtywmje2lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=a9b9c40f121cd85c
Azerbaijan’s state oil company SOCAR, through the commissioning of a new well at the Oil Rocks offshore field, will produce additional 4,380 tons of oil annually, SOCAR said in a message, Aug. 18.

Azerbaijan announces manat rate for August 21

18.08.2017 17:34 GMT

W1siziisijiwmtcvmdgvmtgvmtcvmzuvmjgvztdhymm2zdutotvkzi00njzmltk5nmmtnwywmwzhytc3mjrml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c2d15f180507a9c8
Official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.7008 AZN/USD for August 21.

Gabala to host international jam festival

18.08.2017 14:13 GMT

W1siziisijiwmtcvmdgvmtgvmtqvmtyvmtmvnmewzmfjogetytcxyy00njdmlwi0mtgtymyyywi3mgu2nde3l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=dca6f246a02b2165
Gabala is to host the next 5th International Jam Festival.

ENOC realizes another supply of crude oil to Iran despite US sanctions

18.08.2017 11:13 GMT

W1siziisijiwmtcvmdgvmtgvmtevmtqvmjkvn2y1mji5yjktywe1ms00mmm2lwi3yzqtmwfhndqymjlhzdlml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=2c62ad9beabdce7c
It remains questionable until when DragonOil and ENOC will manage to bypass generally accepted norms and standards.

Over AZN 5 mln allocated for road construction in Azerbaijan’s Aghsu

17.08.2017 19:16 GMT

W1siziisijiwmtcvmdgvmtcvmtkvmtcvmjcvntg4otg2ndetngnkny00otc1lweyodatmdvkndu0ogjjzdrjlzc2ogzjztm0mze4zmm2nje0zdg0odexyje4ndnlzdgylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=b5e6a63e44435999
Azerbaijani President Ilham Aliyev has signed an order on additional measures for the construction of the Chaparli-Kandoba-Jalayir highway in the country’s Agsu district.

BP: Shah Deniz Stage 2 completed by over 95%

17.08.2017 19:14 GMT

W1siziisijiwmtcvmdgvmtcvmtkvmtyvmdavywfimmrkntetmzm4ni00yzhhlwi4zjmtymuwodcxm2m0mtk5l3noywhkzw5pel8yxza0mdcxn18wmy5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=5beed67e95a291cd
Implementation of the Shah Deniz Stage 2 project continued successfully in 1H17, says a BP report on its activity in Azerbaijan, issued Aug. 17.

Azerbaijan introduces state regulation of naphthalan oil price

17.08.2017 15:29 GMT

W1siziisijiwmtcvmdgvmtcvmtuvmzevmtivytq1ote4m2ityjqzzs00yzlhltk5ntitnmezzgjlmdlhzjkzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=feace81104349b40
Azerbaijan has introduced the state regulation of naphthalan oil price.

Stavropol to host Russia-Azerbaijan interregional forum

17.08.2017 15:23 GMT

W1siziisijiwmtcvmdgvmtcvmtuvmjuvmzkvnme3njnjytktodk3yi00njq4lwezytgtmju3ntc3ndk1mgm5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ad93f633a096238b
The forum will bring together officials and entrepreneurs from many regions of Russia and Azerbaijan.

Azerbaijani Central Bank holds another currency auction

17.08.2017 14:40 GMT

W1siziisijiwmtcvmdgvmtcvmtqvndevmjcvywfkyzrhztutyje0nc00mjjjlwfiy2etmjfhzte3zjviytdhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ef46d1fa265c18ef
Azerbaijani Central Bank has held another currency auction.

New satellite control center built in Azerbaijan

17.08.2017 11:33 GMT

W1siziisijiwmtcvmdgvmtcvmtevmzyvmtcvmzvkmjhmzmqtmwi3os00zmyxlwfim2qtmtbkngixmtk4mzbkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=a985446cbee70abb
Construction of the control center for Azerbaijan’s Azersky low-orbit satellite has already been completed, a source close to the matter told Trend.

Gas transportation from Shah Deniz field to Georgia suspended

16.08.2017 19:20 GMT

W1siziisijiwmtcvmdgvmtyvmtkvmjevndavodgym2exnmmtymzlnc00mjixlwe0njmtyzfindu5njm2ndi5lzdiztnhzmmzzthjmda1mgvkmzyzndu2yjjhmddiytzhlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=749958cf00465bf8
The gas transportation from Azerbaijan’s Shah Deniz field to Georgia has been suspended, APA’s Georgian bureau reported.

Association of Persimmon Producers & Exporters created in Azerbaijan

16.08.2017 19:14 GMT

W1siziisijiwmtcvmdgvmtyvmtkvmtyvndyvmtc3mmzjmjatnthjys00ntk5lwjkmwmtnddhnmewzja2nddll2dvewnhev90zwriaxjfmtywode3xzaxlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=04f6458c4912b455
Association of Persimmon Producers and Exporters has been created in Azerbaijan, the country’s Economy Ministry said, Aug. 16.

SOCAR to drill 8 additional wells at offshore field

16.08.2017 11:14 GMT

W1siziisijiwmtcvmdgvmtyvmtevmjqvndevmwixodm4njetmgzizi00mzi3lwfhndetyjg5mdkyy2finjvkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=35bdfcce88f23292
The purpose of reconstruction at the Gunashli field is to ensure qualitative operation of the new wells.

WB can help Azerbaijan develop new business lending mechanisms

15.08.2017 22:04 GMT

W1siziisijiwmtcvmdgvmtuvmjivmduvntqvymfmyjc0n2etmwjizi00ztezlthjztqtmti0nzdkmzhlmjixl3dvcmxkx2jhbmtfmtaxmtezlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=4cfd8848f87867dc
The World Bank (WB) is ready to assist the Azerbaijani government in developing new mechanisms of lending to the private sector, Naveed Hassan Naqvi, WB country manager for Azerbaijan, said in an exclusive interview with Trend.

Azerbaijan-Korea business meeting to be held in Baku

15.08.2017 21:22 GMT

W1siziisijiwmtcvmdgvmtuvmjevmjuvmtuvnze4nti1zjytngi3ns00zgyxlwiznzktyzeymgqyyja3nja3l2hhbmrzagfrzv8yodaxmtquanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=eb2ae37af6b14d01
Baku will host a business meeting between Azerbaijan and Korea on September 13, 2017, embassy of the Republic of Korea in Azerbaijan said in a message, Aug. 15.

Italy’s Ferrero may support cultivation of hazelnuts in Azerbaijan

15.08.2017 19:36 GMT

W1siziisijiwmtcvmdgvmtuvmtkvndqvnduvodg2mwvhm2mtmtu0ns00ytk1ltliymetodgyodfizdfjnji2l251dhnfmjiwnzezlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=21479889327e8fa8
Italian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country, reads an article posted on global food industry news provider www.just-food.com.

Azerbaijan fulfills its obligations to cut oil production

15.08.2017 17:34 GMT

W1siziisijiwmtcvmdgvmtuvmtcvmzcvndcvzdgwotgzntqtmtnmmi00nwjllwi5zjgtztfiotzlnmjlzgvhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=0638ecc865161e63
Azerbaijan completely fulfilled its obligations by reducing its oil production by 35,000 barrels per day, the country's Energy Ministry said.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook