TAP President replaced

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More from Economy

Visa doing well in Azerbaijan

24.11.2009 19:16 GMT

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The Visa international payment system is marking the 12th anniversary in Azerbaijan

Central Bank’s net international reserves rose by 7.3%

24.11.2009 16:31 GMT

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This October net international reserves (NIR) of the Central Bank (CB) of Azerbaijan grew by 7.3% versus September of the year but declined by 13.4% year-on-year (compared to October 2008).

Gold prices head for $1,200 per ounce

24.11.2009 15:59 GMT

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World gold prices are again hitting new highs after a brief lull.

SOCAR invests $30 mln to construction of petrol stations in Georgia

24.11.2009 15:48 GMT

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SOCAR Georgia Petroleum (affiliate of SOCAR Energy Georgia) has occupied 50% of Georgian market of oil products for 1.5 years.

Russia is one of the key foreign trade partners of Azerbaijan

24.11.2009 13:41 GMT

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Russia almost gets up to US on volume of trade with Azerbaijan.

Major Russian bank opens subsidiary in Azerbaijan

23.11.2009 21:23 GMT

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VTB Azerbaijan, a subsidiary of Russia's VTB open joint-stock company, held an opening ceremony in Baku on Monday.

Opening of VTB in Baku - PHOTOS

23.11.2009 20:41 GMT

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SOCAR not to deprive Turkey of gas for political clashes with Azerbaijan

23.11.2009 20:29 GMT

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The State Oil Company of Azerbaijan (SOCAR) does not confuse political relations between the countries with their commercial negotiations on gas supplies and transit via Turkey.

State Fund of Social Protection interested in cooperation with EU member-states

23.11.2009 19:24 GMT

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Foreign direct investments in Azerbaijani economy reduced

23.11.2009 19:06 GMT

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Foreign direct investment share in overall investments in Azerbaijani economy fell to 50% in long-term prospect.

Baku to make concessions to Turkey in gas issue

23.11.2009 18:15 GMT

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The next round of Turkish-Azerbaijan gas negotiations has started in Baku today, SOCAR president Rovnag Abdullayev said in his interview.

If agreement with Azerbaijan is reached, the gas prices in Turkey will rise 70%

23.11.2009 17:54 GMT

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The gas agreement with Azerbaijan will be reached in December.

Azerbaijani-Belgian business forum kicks off in Baku

23.11.2009 16:15 GMT

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The Azeri-Belgian business forum kicked off in Baku on 23 November.

Azerbaijan exported oil products for $1.27 bn in 2009

23.11.2009 14:10 GMT

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For Jan-Oct 2009 Azerbaijan imported 53,563 tons of petroleum products for $46.475 million versus 78,855 tons of petroleum products for $96.78 million in 2008.

Azerbaijan imported 53,541 cars for $381.8 million in 2009

23.11.2009 13:46 GMT

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For Jan-Oct 2009 Azerbaijan imported 53,541 automobiles for $381.846 million with average cost of a car at $7,131.

Azerbaijan increased 4.8-fold natural gas export

23.11.2009 13:45 GMT

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This October Azerbaijan increased 4.75-fold natural gas export resumed in September after a break in August.

Shipyard to be built in Baku

21.11.2009 17:01 GMT

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Singapore's Keppel Corporation is to build and operate a shipyard in Baku.

Kulevi terminal still not ready for dispatch of large-tonnage oil shipments

21.11.2009 16:05 GMT

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The terminal in Georgian port Kulevi (Black Sea Terminal – BST Ltd.), which belongs to the State Oil Company of Azerbaijan (SOCAR), is still not able to accept large-tonnage tankers for oil export.

October fall in farm sector production reached 44% versus September

21.11.2009 16:05 GMT

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This October, fall on all indices registered in August of the year, continued after phenomenal growth of production in agriculture, fishing industry and forestry of Azerbaijan in July 2009.

Azerbaijan hasn't given up on gas exports to Europe

21.11.2009 14:11 GMT

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Azerbaijan is weighing all its options and has not yet ruled out exporting gas to Europe, Rovnag Abdullayev, president of Azerbaijan's state oil company SOCAR, told reporters on Friday.

German power company interested in Caspian projects

21.11.2009 13:43 GMT

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Rovnag Abdullayev, president of Azerbaijan's State Oil Company (SOCAR), yesterday met a delegation from German gas and electricity company RWE in Baku.

Economically active population exceeds 4.330 million in Azerbaijan

20.11.2009 21:07 GMT

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As at November 1, Azerbaijan’s economically active population reached 4 330 000, of which 4 069 600 are employed, said the State Statistical Committee.

Transport employees see 22.5% rise in salaries

20.11.2009 19:23 GMT

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By results of nine months of this year the number of employees at the transport enterprises of Azerbaijan made 68,600 people.

French companies interested to invest in Azerbaijan`s economy

20.11.2009 19:18 GMT

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Azerbaijan`s Minister of Economic Development Shahin Mustafayev met a delegation of MEDEF, Movement of the French Enterprises led by Mrs. Pascale Jeannin-Perez.

Azerbaijan's State Oil Company interested in refining in Europe

20.11.2009 19:13 GMT

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The State Oil Company of Azerbaijan (SOCAR) is interested in more profitable oil refining closer to its main export markets and in the most profitable export routes for gas.

Azerbaijan mortgage portfolio reached AZN 135 million

20.11.2009 18:57 GMT

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In Azerbaijan mortgage portfolio increases within the frames of loaning through the Azerbaijani Mortgage Fund (AMF) of the Central Bank of Azerbaijan (CBA).

Number of communication employees reaches 23,000 people in Azerbaijan

20.11.2009 18:54 GMT

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The Azerbaijan Statistical Committee has released data on the number of communication employees in the country.

SOCAR pumped 2 bn cu m into underground storages

20.11.2009 16:37 GMT

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On 17 November, State Oil Company of Azerbaijan (SOCAR) completed creation of reserves in underground gas storages for winter season 2009/10.

56 185 new jobs open in Azerbaijan in 2009

20.11.2009 16:22 GMT

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56 185 new jobs, including 41 818 permanent jobs were created in Azerbaijan during January-September, said the State Statistical Committee.

Shah Deniz gas consortium cuts capital costs

20.11.2009 02:18 GMT

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The consortium developing the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea slashed capital expenditure in the third quarter of 2009.

BP Azerbaijan increases oil production in third quarter

20.11.2009 02:12 GMT

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BP Azerbaijan reports that in the year to September 2009 production from five producing platforms worked out at 822,100 barrels per day, an increase of 15,900 bpd on the year to June.

Azerbaijan threatens to bury Nabucco project

19.11.2009 21:40 GMT

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SOCAR vice president Elshad Nasirov threatened to start selling gas to Asian countries if Europe further lingers construction of the Nabucco gas pipeline which was to link Caspian states with EU bypassing Russia.

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