New appointment to the management of the Petkim

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More from Economy

SOCAR commissions new well in Caspian Sea

24.02.2017 22:39 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce 62.05 million cubic meters of gas and 730 tons of condensate annually as it has commissioned a new well on the Gunashli offshore field, SOCAR said in a message Feb. 24.

Azerbaijan to let foreign financial organizations issue manat bonds

24.02.2017 20:23 GMT

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Azerbaijan’s Financial Market Supervisory Authority (FIMSA) is holding talks with international financial institutions (IFIs) for foreign financial institutions to release bonds in Azerbaijani manats, Angela Prigozhina, the World Bank senior financial sector specialist, told Trend.

AZN 16M allocated for improvement of drinking water supply of population

24.02.2017 19:37 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on additional measures for improvement of drinking water supply of the population.

Azerbaijan, Djibouti sign intergovernmental agreement on civil aviation

24.02.2017 19:03 GMT

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President of CJSC Azerbaijan Airlines (AZAL) Jahangir Asgarov received the delegation headed by Minister of Foreign Affairs and International Cooperation of Djibouti, Mahmoud Ali Youssouf on February 24.

USD rate for Feb.27 announced

24.02.2017 17:25 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 27.

Fitch: SOCAR's liquidity is adequate

24.02.2017 11:00 GMT

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SOCAR's liquidity is adequate, the international rating agency “Fitch Ratings” says.

Fitch forecast on dollar rate in Azerbaijan

24.02.2017 10:05 GMT

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The Fitch international rating agency assumes that the average dollar rate in Azerbaijan will make AZN 1.89 per dollar until the end of 2019.

Azerbaijan, Japan discuss prospects for economic and trade relations

23.02.2017 23:23 GMT

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The 9th joint meeting of the State Commission on Economic Cooperation between Azerbaijan and Japan, and Japan-Azerbaijan Economic Committee has taken place in Baku.

Turkey says agriculture trade with Azerbaijan needs boost

23.02.2017 22:06 GMT

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The $120-million agricultural trade between Azerbaijan and Turkey doesn’t meet the existing potential, Turkey’s Minister of Food, Agriculture and Livestock Faruk Celik told reporters in Baku.

AZPROMO sets up Italy office

23.02.2017 19:59 GMT

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Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has established its office in Italy, AzerTag reports.

Number of countries willing to join SGC increases – Natig Aliyev

23.02.2017 17:53 GMT

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Connection of gas pipelines between Greece and Bulgaria opens new perspectives for the Southern Gas Corridor, Azerbaijani energy minister Natig Aliyev said at the press conference.

USD rate for tomorrow announced

23.02.2017 17:26 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 24.

Turkey to open agriculture development office in Azerbaijan

23.02.2017 15:59 GMT

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Turkey will open an agriculture development office in Azerbaijan, said Azerbaijani Agriculture Minister Heydar Asadov at a briefing in Baku Feb. 23.

Ilham Aliyev: Nothing can hinder realization of Southern Gas Corridor

23.02.2017 14:36 GMT

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Nothing can hinder the realization of the Southern Gas Corridor (SGC), said Azerbaijani President Ilham Aliyev.

USD rate at today's auction announced

23.02.2017 14:32 GMT

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A bilateral currency auction involving SOFAZ has been held at the Central Bank.

Iran, Azerbaijan to boost non-oil trade

23.02.2017 14:23 GMT

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Iran and Azerbaijan are determined to increase their non-oil trade in a bid to decrease dependence on oil, Iranian ICT Minister Mahmoud Vaezi said.

Air Arabia to carry out Sharjah-Baku-Sharjah flights

23.02.2017 00:36 GMT

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The UAE’s Air Arabia airline will carry out Sharjah-Baku-Sharjah flights since March, 2017.

Air Arabia to carry out Sharjah-Baku-Sharjah flights

23.02.2017 00:36 GMT

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The UAE’s Air Arabia airline will carry out Sharjah-Baku-Sharjah flights since March, 2017.

SOCAR, Itochu Oil Exploration Co., Ltd. sign MoU

22.02.2017 23:04 GMT

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The State Oil Company of the Azerbaijan Republic (SOCAR) and Japan’s Itochu Oil Exploration Co., Ltd. have today inked a Memorandum of Understanding on scientific and technical cooperation.

USD rate for tomorrow announced

22.02.2017 17:36 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 23.

SOCAR to increase capacities of underground gas storages

21.02.2017 22:14 GMT

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Azerbaijan’s state oil company SOCAR plans to increase capacities of its underground gas storage facilities in the country, SOCAR said in a message posted on its website Feb. 21.

Azerbaijani trade house registered in Belarus

21.02.2017 20:39 GMT

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Minsk City Executive Committee registered Azerbaijan Trade House CJSC, said Azerbaijan’s Economy Ministry in a message Feb. 21.

Azerbaijan`s Minister of Economy to visit Iran

21.02.2017 20:13 GMT

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An Azerbaijani delegation led by Minister of Economy, co-chair of State Commission Shahin Mustafayev will leave for Iran to hold discussions on prospects of expansion of relations between the two countries, AzerTag reports.

USD rate for tomorrow announced

21.02.2017 17:16 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 22.

BP reduces expenses on ACG by $707M in 2016

21.02.2017 16:41 GMT

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In 2016, Azeri-Chirag-Deepwater Gunashli (ACG) continued to safely and reliably deliver stable production.

US-dollar soared by 121% since first devaluation in Azerbaijan

21.02.2017 11:50 GMT

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Since the first devaluation of national currency in Azerbaijan on February 21, 2015, US-dollar has gone up by 120.7% to 1.7352 AZN/USD on February 21.

IMF representative to meet bank CEOs

21.02.2017 11:10 GMT

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Head of the International Monetary Fund mission on Azerbaijan Mohammad al-Gorchi is to meet with heads of commercial banks as part of the visit to Baku.

Italy’s economic development minister due in Baku

20.02.2017 22:12 GMT

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The Azerbaijan-Italy Business Forum will be held in Baku during Italian Minister of Economic Development Carlo Calenda’s visit on Feb. 23, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said.

USD rate for tomorrow announced

20.02.2017 17:37 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for February 21.

Azerbaijan remains one of main gas suppliers of Turkey

20.02.2017 16:55 GMT

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Turkey imported 5,574,000,000 m³ of gas in December 2016, up 4.37% from 5,341,000,000 m³ in December 2015.

Iran says seeking to boost ties with Azerbaijan

20.02.2017 15:49 GMT

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Iran is seeking to boost all-out ties with Azerbaijan, the Islamic Republic’s Foreign Ministry spokesman Bahram Qasemi said.

Azerbaijan delegation attends IDEX 2017 exhibition

20.02.2017 11:27 GMT

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An Azerbaijani delegation is attending IDEX, the only international defence exhibition and conference in the Middle East and North Africa region, which kicked off in Abu Dhabi.

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