Economy

Energy ministers of Turkey and Azerbaijan hold press conference

08.06.2010 | Readed: 1207

Turkey`s Energy and Natural Resources Minister Taner Yildiz and Azerbaijan Minister of Industry and Energy Natig Aliyev gave a press conference after the energy agreement was signed between Turkey and Azerbaijan in Ciragan Palace of Istanbul. Mr. Yildiz said: "Eight meetings were held to......

Daily oil production in Azerbaijan hits record high of 1 million barrels in 2009

05.06.2010 | Readed: 1185

Azerbaijan posted a record oil production of 1 million barrels a day last year, SOCAR President Rovnag Abdullayev said at the Caspian Oil and Gas conference. Exploration, drilling, construction and production work carried out together with foreign oil firms produced good results. Overall......

Baku hosts Azerbaijan-Belarus intergovernmental commission's meeting

03.06.2010 | Readed: 1233

On June 2nd the 6th meeting of an Azerbaijan-Belarus intergovernmental commission on trade and economic cooperation was held in Baku. Vice-Premiers Yagub Eyyubov of Azerbaijan and Andrey Kobyakov of Belarus chaired the meeting. The meeting featured discussions on what had been done......

Center for Strategic Studies hosts ‘roundtable' on US energy policy in South Caucasus and Caspian region

03.06.2010 | Readed: 1189

The Center for Strategic Studies under the Azerbaijani President has today hosted a roundtable meeting on "U.S. energy policy in the South Caucasus and Caspian region". Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar made a presentation at......

Baku hosts international conference as part of 17th International Caspian Oil & Gas Exhibition

03.06.2010 | Readed: 1168

An international conference called "European geopolitics of energy and the role of Azerbaijan" started in Baku yesterday as part of the 17th International Caspian Oil & Gas Exhibition and Incorporating Refining and Petrochemicals. The event was opened by ITE Group PLC senior advisor......

International oil and gas conference kicks off in Baku

02.06.2010 | Readed: 1158

The 17th international oil and gas conference has started. The conference`s session "Europe`s energy geopolitics and role of Azerbaijan" was addressed by Minister of Industry and Energy Natig Aliyev, Senior advisor of the ITE Group PLC Andrew Wood, US Secretary of State`s Special Envoy......

Vilnius hosts Azerbaijan-Lithuania Intergovernmental Commission meeting

27.05.2010 | Readed: 1092

A first meeting of an Azerbaijan-Lithuania Intergovernmental Commission on Economic Cooperation has today been held in Vilnius. Azerbaijan`s Taxes Minister Fazil Mammadov and Lithuanian Foreign Minister Audronius Azubalis co-chaired the event. The meeting featured discussions on......

Oil pipelines haul 15. 6 mln tons, gas pipelines 6.4 bln cubic metres in january-april

20.05.2010 | Readed: 1073

Oil pipelines transported 15.6 mln tons in Azerbaijan, while gas pipelines 6.4 bln cubic metres in January-April, State Statistics Committee reports. Of the overall volume, oil transportation via Baku-Tbilisi-Ceyhan main export pipeline accounted for 76. 3......

BP-Azerbaijan produces 72 million barrels of oil from ACG in first quarter

18.05.2010 | Readed: 1057

"BP-Azerbaijan" Company produced 72 million barrels or 9.7 m tons of oil from Azeri-Chirag-Gunashli (ACG) field during the first quarter of 2010, the company`s press-service said. Daily production from ACG makes up 797, 300 barrels. The company forecasts......

Azerbaijan discloses 12th EITI report

15.05.2010 | Readed: 1121

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on Friday. Azerbaijan has instituted a regular process of disclosing, reconciling and publishing company payments......

Azerbaijan, Georgia sign new rail loan agreement

01.01.1970 | Readed: 1153

Azerbaijan and Georgia signed a loan agreement under which Georgia will receive another loan as part of the Baku-Tbilisi-Kars Railway Project. The document was signed by Azerbaijan's Transport Minister Ziya Mammadov and Director of Georgia's Marabda-Kartsahi Railway Company......

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