OPEC Secretary General thanks Azerbaijan

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More from Economy

Azerbaijan allocates 2 mln AZN for alternative energy sources development

17.11.2009 13:25 GMT

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Azeri President Ilham Aliyev has signed a regulation on additional measures due to application of alternative and recoverable energy sources.

Russia would welcome Azeri involvement in South Stream gas pipeline

17.11.2009 12:52 GMT

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Russia would welcome Azerbaijan’s participation in the South Stream project, the State Duma vice-speaker and president of the Russian Gas Society, Valery Yazev, said in Moscow on Monday.

Wind energy cannot be applied as alternate power source in Azerbaijan: Expert

16.11.2009 20:59 GMT

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Despite Baku status as the city of winds, wind energy cannot be considered as reliable alternate source of electric power in the country.

Monthly pensions reach 99.93 AZN in Azerbaijan

16.11.2009 19:16 GMT

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As of October 1 the social protection bodies of Azerbaijan registered 1,298,900 pensioners, according to the State Statistical Committee of Azerbaijan.

OPEC: $75-80/barrel is a ‘good price’

16.11.2009 17:56 GMT

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Seventy-five to 80 dollars a barrel is a satisfactory price for oil, the president of OPEC told reporters in Abu Dhabi on Monday, AFP reported.

Final option of Hovsani sewage runoff project worth $73 million chosen

16.11.2009 17:52 GMT

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“Cost of this construction on this option is estimated at $73 mn,” a source indicates.

Azerbaijan’s social insurance system should cover foreigners too

16.11.2009 14:34 GMT

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Under the Azerbaijani legislation, the mandatory social insurance should also cover foreigners, working in Azerbaijan.

Azerbaijan to supply compressed natural gas to Bulgaria

16.11.2009 11:22 GMT

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Azerbaijan and Bulgaria are to work together on oil and gas transportation and a range of other projects following last week's visit to Bulgaria by an Azeri delegation, led by President Ilham Aliyev.

Azeri oil company gets go-ahead for Turkish refinery

16.11.2009 11:16 GMT

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Azerbaijan's state oil company SOCAR has received the necessary permission from the Turkish government to build a new refinery at the Petkim petrochemical complex.

Construction of Baku-Tbilisi-Kars railway complete on 28%

16.11.2009 11:15 GMT

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Turkish transport Minister Bınali Yildirim learnt during his Kars trip that construction of the Baku-Tbilisi-Kars railway project in the Turkish section is 28% complete.

Azerbaijan may equalize excises for domestic and foreign production in no earlier than 2011

14.11.2009 14:29 GMT

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The Azerbaijani government does not renounce the idea of setting equal excises for local and foreign production which will be among the provisions of country’s accession to the World Trade Organization.

Cost of living makes 87 AZN in Azerbaijan

13.11.2009 21:09 GMT

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The Azerbaijani Parliament has approved the cost of living per capita in 2010 budget at 87 AZN and need criterion at 65 AZN ($1=0.803 AZN).

The Soviet-era bank savings may be returned in the form of securities: Rufat Aslanli

13.11.2009 20:43 GMT

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The Soviet-era bank savings of population may be returned in the form of securities, said Rufat Aslanli, Chairman of the State Committee on Securities.

Azerbaijan Mortgage Fund to issue bonds for AZN 100 mln next year

13.11.2009 18:13 GMT

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The State Securities Committee of Azerbaijan is to keep on bond issue support for the Azerbaijan Mortgage Fund (AMF).

Azeri parliament discusses social security budget for 2010

13.11.2009 18:10 GMT

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Azerbaijan's State Social Protection Fund plans to have a budget of over $2bn in 2010.

The penalty for investors rights breach can be increase 10-15 fold

13.11.2009 17:58 GMT

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The State Securities Committee is to make the proposals for amendments to the Code of Administrative Breaches relating to toughening of certain types of penalties.

SOCAR, Bulgargaz to establish joint venture

13.11.2009 17:49 GMT

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Bulgaria’s state-owned gas operator Bulgartransgaz, a subsidiary of Bulgargaz, and the Azerbaijan state gas company SOCAR are going to set up a joint venture, Energy Tribune reported.

Foreign Ministry's staff best-paid among all ministerial employees in Azerbaijan

13.11.2009 16:46 GMT

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The staff of the Foreign Ministry of Azerbaijan gets the highest wages among ministerial employees, Finance Minister Samir Sharifov said in the parliament.

Azerbaijan’s low-value settlements and clearing system registers $5.1 bn payments for Jan-Oct 2009

13.11.2009 15:47 GMT

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For Jan-Oct of the year turnover of XOHKS (Azerbaijan’s low-value settlements and clearing system) totaled $5.13 bn by early November (exchange rate: AZN 0.8032 to the US dollar) against $6.7 bn for 2008.

Azerbaijan may raise oil supplies to Ukraine

13.11.2009 15:00 GMT

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Turnover of Azerbaijan Interbank Payment System made $71.023 bn over January-October 2009

13.11.2009 13:30 GMT

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In October, turnover of Azerbaijan Interbank Payment System (AZIPS) made $7.17 bn (exchange rate: AZN 0.8032 to the US dollar) versus this year’s record monthly turnover registered in March ($8.636 bn).

Azeri parliament completes main discussions on 2010 budget

13.11.2009 13:04 GMT

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Azerbaijan's parliament, the Milli Majlis, has finished three days of discussions on the draft budget for 2010.

Budget 2010 does not have enough resources for Government support Fund for Mass Media: Azeri MP

12.11.2009 21:48 GMT

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Milli Majlis (Azerbaijani Parliament) continued discussion over the state budget of Azerbaijan for 2010 and heard proposals of lawmakers.

OPEC predicts growth in Azerbaijan's oil production in 2010

12.11.2009 20:38 GMT

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OPEC predicts growth in oil production in Azerbaijan next year.

Belarusian president keen to boost trade with Azerbaijan

12.11.2009 20:16 GMT

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Belarusian President Alexander Lukashenko welcomed his Azerbaijani counterpart, Ilham Aliyev, to the Presidential Palace in Minsk on Thursday.

Culture and Tourism Ministry says cancellation of visa regime by Iran not to affect local tourism

12.11.2009 19:58 GMT

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The Azerbaijani citizens visited Iran even before the visa regime was cancelled.

World Customs Organization's regional office on strengthening potential to open in Baku

12.11.2009 19:47 GMT

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Azeri State Customs Committee and the World Customs Organization have signed a memo of understanding about creation of WCO’s regional office on strengthening the potential of the organization in Baku.

Licensing of activity on use of alternate and renewable energy introduces in Azerbaijan

12.11.2009 16:08 GMT

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By his next decree the Azerbaijani President has endorsed the Statute on the State Agency for Alternate & Renewable Energy Sources under the Ministry of Industry & Energy of Azerbaijan.

Deutsche Bank allocates $80 mln to SOCAR

12.11.2009 16:02 GMT

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Deutsche Bank has allocated $80 mln credit to SOCAR.

Ilham Aliyev signs order to improve power supply in capital

12.11.2009 15:31 GMT

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President of Azerbaijan Ilham Aliyev signed an executive order on some measures to improve power supply in Baku.

Great Silk Road countries custom services representatives arrived in Baku

12.11.2009 13:18 GMT

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The Second international forum on the role of customs offices in promotion and simplification of trade among the Great Silk Road countries commenced in Baku.

Car imports to Azerbaijan fall

11.11.2009 21:50 GMT

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The import of cars to Azerbaijan has fallen 36% in 10 months of 2009, State Customs Committee chief Aydin Aliyev told journalists on Wednesday.

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