Baku to host meeting on establishment of North-South electricity corridor

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More from Economy

Deputy PM: Azerbaijan interested in development of alternative energy sources

24.04.2018 22:49 GMT

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Despite Azerbaijan is an energy-rich country, it is interested in the development of alternative energy sources, Azerbaijani Deputy Prime Minister, Chairman of the National Coordination Council for Sustainable Development Ali Ahmadov said.

Operations in securities market amount to AZN 6.2B

24.04.2018 19:03 GMT

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In the first quarter of 2018, operations in securities market amounted to AZN 6.2 billion, up 2.7-fold from previous year, APA reports.

Transparency to be provided in labor and social protection in Azerbaijan - minister

24.04.2018 12:17 GMT

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Full transparency will be ensured in all areas of labor and social protection of people, said Sahil Babayev, Azerbaijan’s newly appointed minister of Labour and Social Protection of Population

Azerbaijan, Iran agree on preferential tariff for transportation of oil and oil products

24.04.2018 09:46 GMT

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Azerbaijan and Iran have agreed on a preferential tariff for transportation of oil and oil products within the North-South corridor, head of the tariff policy and marketing department of Azerbaijan Railways CJSC Ali Gasimov said.

SOCAR defines cost of Baku refinery modernization

24.04.2018 00:07 GMT

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Cost of the project on modernization and reconstruction of the Baku oil refinery named after Heydar Aliyev is presently estimated at about $2.2 billion, the advisor to vice-president on strategic development at Azerbaijan’s state oil company SOCAR, Teymur Aliyev, told reporters on the sidelines of the 3rd SOCAR International Caspian and Central Asia Downstream Forum on Trading, Logistics, Refining and Petrochemicals in Baku April 23.

World Bank upgrades its economic growth projections for Azerbaijan

23.04.2018 14:17 GMT

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The World Bank has upgraded its economic growth projections for Azerbaijan.

ACG produced 453 milion tonnes of oil and 144 bcm of gas so far

23.04.2018 12:21 GMT

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The statement came from SOCAR first Vice President Khoshbakht Yusifzade who spoke at the SOCAR 3rd International Caspian and Central Asia Downstream Forum: Trading, Logistics, Oil Refining, Petrochemicals in Baku.

Azerbaijani manat grows to euro, ruble and lira

23.04.2018 11:16 GMT

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The Central Bank of Azerbaijan has announced the exchange rate of Azerbaijani manat to foreign currencies.

SOCAR international forum kicks off in Baku

23.04.2018 10:36 GMT

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The third international forum of SOCAR "Downstream Caspian and Central Asia - Trade, Logistics, Oil Refining" started its work in Baku.

Turkey wants to exempt trade with Azerbaijan from duties in shortest possible time

23.04.2018 10:11 GMT

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Turkey hopes for the early signing of an agreement on preferential trade with Azerbaijan, Turkish Minister of economy Nihat Zeybekci said in an exclusive interview with Trend.

Azerbaijan’s State Committee on Standardization, Metrology and Patents abolished

20.04.2018 19:18 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on measures regarding improvement of management in protection of facilities on rights of standardization, metrology, intellectual property and control on consumption market.

IAEA praises Azerbaijani Nuclear Research Center's infrastructure

20.04.2018 15:25 GMT

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A sterilization unit installed at Azerbaijan's National Nuclear Research Center CJSC was highly appreciated by the International Atomic Energy Agency (IAEA), the Center's Chairman Adil Garibov told on April 20.

World oil reserves drop to 2.83 bn barrels

20.04.2018 12:14 GMT

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World oil reserves have dropped since the signing of the agreement to limit oil production by OPEC and non-OPEC countries by 300 mln barrels to 2.83 bn barrels.

Azerbaijan's oil surges by more than 2%

20.04.2018 10:09 GMT

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Azerbaijani oil has surged by almost $2.

Minister: "Expenditures for Expo 2025 in Azerbaijan are estimated at EUR 765 mln"

20.04.2018 09:52 GMT

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"Specialists are involved, calculations are carried out to clarify and thoroughly study the financial issues related to hosting the World Expo 2025 in Azerbaijan."

Minister: Hosting Expo 2025 would cost 765mln euros

19.04.2018 21:40 GMT

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“We have experts working on financial issues relating to Azerbaijan hosting World Expo 2025,” Azerbaijan’s acting Minister of Finance Samir Sharifov told a press conference on the results of the visit to Baku of the Enquiry Mission from the Bureau International des Expositions (BIE), APA reported.

AZAL opens three new destinations within summer flight schedule

19.04.2018 17:22 GMT

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The air ticket includes free baggage allowance (up to 23 kg) and a full range of cold and hot onboard meals.

Azerbaijani oil price approaches to $75 a barrel

19.04.2018 14:52 GMT

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The price of Azerbaijan's oil Azeri LT CIF at the world market increased by $1.55 (2.12%).

Turkey, Azerbaijan may switch to trade in national currency

19.04.2018 10:27 GMT

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Turkey does not see any obstacle to switching to settlements in national currency with Azerbaijan, Turkish Economy Minister Nihat Zeybekci said in an exclusive interview with Trend.

Edison to buy gas from Shahdeniz

18.04.2018 19:16 GMT

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Rights on contract signed with Spain’s Gas Natural Fenosa on gas sale within Shahdeniz 2 have been transferred to Italy’s Edison.

Minister: Azerbaijan invested $1.2B in Switzerland

18.04.2018 11:48 GMT

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Azerbaijani Minister of Economy Shahin Mustafayev has today received that Ambassador of Switzerland to Azerbaijan, Philip Stalder.

SOCAR establishes company with founding capital of AZN 100,000

18.04.2018 09:15 GMT

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SOCAR has established SOCAR-Petrofac LLC.

Russia, Azerbaijan, Iran mull creation of logistics operator of North-South corridor

17.04.2018 23:20 GMT

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The Russian Railways JSC is discussing creation of a logistics operator of the International North-South Transport Corridor with Iran, India and Azerbaijan, Alexander Misharin, first deputy chief executive officer of Russian Railways, told reporters on the sidelines of the "TransRussia" international exhibition for transport and logistics services and technologies, Russian media reported.

IMF revises forecast on Azerbaijan’s economic growth

17.04.2018 19:35 GMT

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The International Monetary Fund (IMF) has revised economic growth projections for 2018 for Azerbaijan to 2 percent from 1.3 percent, according to the updated World Economic Outlook (WEO) of the IMF.

SOCAR's daughter affiliate buys share in TANAP

17.04.2018 14:21 GMT

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The Turkish "daughter" of the State Oil Company of Azerbaijan (SOCAR) - "SOCAR Turkey Enerji A. became the holder of a seven per cent stake in the Trans-Anatolian pipeline (TANAP).

Azerbaijan significantly ups gold production

17.04.2018 11:08 GMT

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Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, which is 26 percent more than in the same period of 2017, according to the company report.

Italy was Azerbaijan`s largest export destination in Q1

17.04.2018 10:45 GMT

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Italy was Azerbaijan`s largest export market in the first quarter of 2018, according to the State Customs Committee.

Azerbaijani oil falls in price

17.04.2018 10:38 GMT

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The price of Azerbaijani oil fell by more than a dollar.

Russia’s Utair to launch direct Tyumen-Baku flights

16.04.2018 23:21 GMT

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Russia’s Utair airline will launch new direct Tyumen-Baku flights, RBK Group reported citing commercial director of Tyumen’s Roshchino airport Mikhail Rusakov as saying April 16.

SOCAR increases diesel production due to high demand

16.04.2018 11:48 GMT

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In January-March 2018, export of oil and petro-chemical products made up 413,000 tonnes, up 6.4% from previous year, SOCAR told APA-Economics.

Rosbalt: Azerbaijan achieved significant economic success during Ilham Aliyev’s presidency

14.04.2018 14:25 GMT

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Azerbaijan has achieved significant success in economic development during the presidency of Ilham Aliyev, that is, since 2003, journalist Irina Jorbenadze said in her article published by Russia’s Rosbalt news agency.

Ukraine to supply raw materials for Azerbaijan's industry

13.04.2018 19:47 GMT

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Ukraine's state enterprise Kharkiv Electrotyazhmash will supply the necessary raw materials for production of industrial goods at the Sumgait Technologies Park (STP), the STP told Trend on April 13.

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