Economy

Iraqi oil minister hopes OPEC to reach final deal on Friday

20.06.2018 | Readed: 559

Iraqi Oil Minister Jabar Luaibi said on Tuesday that Baghdad was not considering an increase in oil production in the framework of the OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil output cut......

Azerbaijan sends this year’s first export mission to Astrakhan

02.06.2018 | Readed: 614

Azerbaijan`s Ministry of Economy has dispatched its first export mission to promote “Made in Azerbaijan” brand to Astrakhan this......

SOCAR, Equinor sign agreements on new exploration and production projects

31.05.2018 | Readed: 590

The Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s State Oil Company SOCAR have signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabakh......

Caspian Oil and Gas Exhibition and Conference kicks off in Baku

30.05.2018 | Readed: 609

The International Caspian Oil & Gas Exhibition and Conference, the largest energy event in the Caspian region, marks its 25th anniversary this......

AZERTAC attends 22nd Saint Petersburg International Economic Forum

26.05.2018 | Readed: 687

Azerbaijan State News Agency......

AZAL and Buta Airways passengers will get additional free baggage allowance on Ramadan holiday

26.05.2018 | Readed: 653

On the Ramadan holiday passengers of all flights of AZAL and Buta Airways, which will be carried out on June 15 and 16, 2018, will get one piece of additional free checked baggage......

New Carpet brand to appear in Azerbaijan

25.05.2018 | Readed: 626

A new brand, Azerbaijan Carpet will appear in the country. The announcement was made during an expanded meeting of the Board of the country's Economy Ministry. "The construction of carpet......

Over 300 companies to attend Caspian Oil & Gas Exhibition and Conference 2018

25.05.2018 | Readed: 577

The 25th Anniversary International Caspian Oil & Gas Exhibition and Conference 2018, as well as the 8th Caspian International Power and Alternative Energy Exhibition will take......

CBA presented 200-manat banknotes to appear in Azerbaijan from next month

24.05.2018 | Readed: 614

Presentation of coins issued on the occasion of the 95th birthday of the national leader Heydar Aliyev and the 100th anniversary of the creation of ADR, as well as new banknotes worth 200 manats, was......

BHOS students to work for SOCAR Polymer

17.05.2018 | Readed: 618

Human Recourses department of SOCAR Polymer LLC has made a presentation for Baku Higher Oil School (BHOS) students. The participants in the event included BHOS rector Elmar Gasimov, the third, fourth, fifth-year and Master students of the Higher......

First stage of South Gas Corridor to start up May 29

12.05.2018 | Readed: 648

The first stage of the 2000-km South Gas Corridor (SGC), from Azerbaijan’s Caspian shores to Eskisheher in Turkey, will start up May 29 with a ceremony in Baku, a government source has told......

SOCAR opens offshore oil filling season in Ukraine

11.05.2018 | Readed: 604

SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s state oil company SOCAR in Ukraine, with the start of the navigation season, has launched two oil bunkers - offshore filling stations for small and medium-sized ships, the company said in a......

Ashgabat advocates activation of Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey transit project

11.05.2018 | Readed: 602

The Turkmen side calls to intensify the discussion of various aspects of the construction of the transport corridor Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey within the framework of international organizations, Vatan newspaper......

The new memorandum about food security

11.05.2018 | Readed: 614

The State Customs Committee (SCC) of Azerbaijan and the Food Security Agency have signed a Memorandum of understanding, Trend reports. According to Trend, the memorandum was signed by Chairman of......

Tbilisi hosts 5th Caspian Energy Forum

10.05.2018 | Readed: 601

The 5th Caspian Energy Forum-2018......

‘Nearly 4.5 billion cubic meters of associated gas injected into the atmosphere in recent years and delivered to the country's industry’, Rovnag Abdullayev:

07.05.2018 | Readed: 595

“As a result of the joint project of SOCAR, BP and the World Bank's Global Gas Flaring Reduction Partnership (GGFR), nearly 4.5 billion cubic meters of associated gas have been injected into......

Heydar Aliyev International Airport receives most prestigious award in the world

07.05.2018 | Readed: 670

International air transport rating organisation Skytrax confirmed the prestigious 5-Star Airport Rating for Heydar Aliyev International Airport in Baku,......

Changes made in Caspian Energy Forum Tbilisi – 2018 program

04.05.2018 | Readed: 653

“Due to the political processes running in Georgia and a forthcoming presidential election, certain changes concerning the participants from the Government of Georgia were made into the......

Gazprom completes construction of first leg of Turkish Stream gas pipeline

01.05.2018 | Readed: 725

The construction of a deep-water part of the Turkish Stream gas pipeline’s first leg finished on Monday near Turkey’s Black Sea coast, Russia’s energy giant Gazprom said. The average speed of......

Trade between Azerbaijan and Kazakhstan doubled in Q1 of 2018

01.05.2018 | Readed: 748

Trade between Azerbaijan and Kazakhstan doubled in the first quarter of this year compared with the same period in 2017, according to “24 хабар” television channel. Kazakhstan was among the......

Azerbaijan, Russia and Iran: integration of power systems discussed

27.04.2018 | Readed: 778

Azerbaijan, Russia and Iran will create a working group to unite the energy systems of the three countries, the Azerbaijani Energy Ministry......

BHOS concludes 3rd SOCAR International Forum with conference

26.04.2018 | Readed: 746

An International Conference entitled “Refining and Petrochemical Industry of the Caspian and Central Asia: Projects and Technical Solutions” as part of the 3rd SOCAR International Caspian and Central Asia Downstream Forum –......

SOCAR talks on progress of modernization at Baku oil refinery

25.04.2018 | Readed: 714

The integration of filling station of liquefied petroleum gas (LPG) and bitumen plant in general infrastructure of the Baku oil refinery named after Heydar Aliyev was completed by 39 percent, the advisor to vice-president on strategic......

Azerbaijan to establish production of packaging materials in regions

25.04.2018 | Readed: 693

The National Entrepreneurship Support Fund (NESF) under the Ministry of Economy of Azerbaijan has started accepting investment projects in priority areas of development of Hajigabul district, the Ministry of Economy said in a......

BHOS concludes 3rd SOCAR International Forum with conference

25.04.2018 | Readed: 619

An International Conference entitled “Refining and Petrochemical Industry of the Caspian and Central Asia: Projects and Technical Solutions” as part of the 3rd SOCAR International......

3rd SOCAR International Caspian and Central Asia Downstream Forum started in Baku

23.04.2018 | Readed: 677

The 3rd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals commemorating the National Leader of Azerbaijan Heydar Aliyev`s 95th......

OPEC daily basket price up

19.04.2018 | Readed: 722

The price of OPEC basket of fourteen crudes stood at $69.39 a barrel on April 18, compared with $68.36 the previous day, according to OPEC Secretariat calculations. The OPEC......

Azerbaijan joins HESTOUREX-2018 international tourism fair in Turkey

17.04.2018 | Readed: 853

An Azerbaijani delegation has participated in HESTOUREX-2018 international fair for healthcare, sports and alternative tourism in Antalya,......

Oil prices increase on world markets

16.04.2018 | Readed: 852

Oil prices have jumped up on the world markets. On London ICE (InterContinental Exchange......

First phase of TANAP`s construction completed by over 99%

30.03.2018 | Readed: 1498

The works on the first phase of the Trans Anatolian Natural Gas Pipeline (TANAP) to Eskisehir in Turkey were completed by 99%. The announcement was made during the general meeting of......

Conference of International Association of Deposit Insurers held in Italy

28.03.2018 | Readed: 1588

Annual meeting and International conference titled "Resolution and deposit guarantee schemes in Europe: incomplete processes and uncertain outcomes" of International Association of......

Southern Gas Corridor to boost Azerbaijan's role in world

21.03.2018 | Readed: 1678

Implementation of the Southern Gas Corridor project will contribute to the social and economic development of Azerbaijan and strengthen the country's role as a supplier of energy resources, Sabit Bagirov, Director of the Foundation for Assistance to......

President Rouhani: Development of stability and security in Azerbaijan is considered as Iran's stability and security

15.03.2018 | Readed: 2470

“The development of stability and security in the Republic of Azerbaijan is considered as Iran's stability and security,” said President of the Islamic Republic of Iran Hassan Rouhani......

Passenger traffic of Heydar Aliyev International Airport exceeded half a million in first two months

13.03.2018 | Readed: 2326

During the first two months of 2018, Heydar Aliyev International Airport served over 545,000 passengers. This indicator exceeds the same indicator of the previous year by 16......

Salyan Oil company reveals volume of investments for 2018

09.03.2018 | Readed: 3005

Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, plans to increase investments in 2018, a source in the country’s oil and gas market told......

Caspian Pipeline Consortium increases export of oil

07.03.2018 | Readed: 2895

The Caspian Pipeline Consortium (CPC) exported 9.441 million tons of oil in January-February 2018, which is 16.78 percent more than in the same period of 2017, the CPC press service said in a......

Azerbaijan’s expenditures on Southern Gas Corridor to be lower

06.03.2018 | Readed: 1825

Azerbaijan’s Southern Gas Corridor CJSC has invested over $8.8 billion for financing of its participating interests in the Southern Gas Corridor projects, Trend learned from the company. “Southern Gas......

Azerbaijan posts increase in demand for dollar

05.03.2018 | Readed: 1565

The State Oil Fund sold $364.1mln in February 2018. According to the Fund, this figure amounted to $299.1mln. In January 2017, the Oil Fund sold $285mln in......

ECO Bank reveals economic growth forecasts for Azerbaijan

02.03.2018 | Readed: 847

Azerbaijan’s economic growth is expected to rebound by 1.2 percent in 2018, a source in the ECO Trade and Development Bank (ETDB), headquartered in Turkey’s Istanbul, told Trend. The bank’s......

SOCAR Polymer tested polypropylene production for the first time

01.03.2018 | Readed: 885

On February 27, SOCAR Polymer Plant produced the first polypropylene product for demonstration and testing purposes, with the participation of SOCAR President Rovnag Abdullayev and......

EBRD to support capacity building of Asian stocks slide, dollar hits six-week high as Powell revives Fed rate fears

01.03.2018 | Readed: 831

The European Bank for Reconstruction and Development (EBRD) will provide technical assistance to further development of the Energy Regulatory Agency of Azerbaijan, EBRD Press Secretary for Eastern Europe, Caucasus and Central Asia Anton Usov told......

Azerbaijan's AGBank opens subscription to new issue of shares

27.02.2018 | Readed: 838

Azerbaijan's AGBank opened a subscription to a new issue of shares, the bank said in a message Feb. 26. Trend.az reAGBank is increasing its authorized capital worth seven million manats by issuing 3.5......


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