TAP welcomes signing of Ionian Adriatic Pipeline MoU
The Trans Adriatic Pipeline (TAP) AG has welcomed the signing of a Memorandum of Understanding (MoU) on the Ionian Adriatic Pipeline (IAP) by Albania, Bosnia and Herzegovina, Croatia, Montenegro and SOCAR ...
Petronas to carry out exploration and seismic work in Goshadash field

Petronas to carry out exploration and seismic work in Goshadash field

29.08.2016 [21:21]
Malaysian oil and gas company Petronas will carry out exploration and seismic work in the Goshadash field, according to first vice-president of SOCAR Khoshbakht Yusifzade. He added that if this work yielded fruits exploration in the field ...
Baku Expo Center to host International Construction Exhibition

Baku Expo Center to host International Construction Exhibition

29.08.2016 [20:46]
From the 19th to the 22nd of October, Baku Expo Center will host the Caspian region’s major event in the construction field - the 22nd Azerbaijan International Construction Exhibition, BakuBuild 2016, which will mark the beginning of Caspian Construction Week. This is a long-awaited exhibition for many experts from various ...
Over 2 million tourists visit Antalya EXPO 2016

Over 2 million tourists visit Antalya EXPO 2016

29.08.2016 [20:45]
Over two million tourists have visited International Gardening EXPO 2016 exhibition in Antalya, Turkey. Organizers of the exhibition estimated that more than four million tourists will visit the exhibition by the end of October ...
Georgia and Turkey received 5.5 and 41 b cm of gas respectively as part of Shahdeniz-1 project

Georgia and Turkey received 5.5 and 41 b cm of gas respectively as part of Shahdeniz-1 project

29.08.2016 [18:47]
Georgia and Turkey have so far received 5.5 and 41 billion cubic meters of gas respectively through the Southern Caucasus Pipeline as part of Shahdeniz-1 project, according to SOCAR first vice-president Khoshbakht Yusifzade ...
Oil prices rise on world markets

Oil prices rise on world markets

29.08.2016 [17:21]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.34 to stand at $47.64. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) rose $0.25 to trade at $49.92 ...
Silk Way Airlines expands fleet with another Boeing 747-8F freighter

Silk Way Airlines expands fleet with another Boeing 747-8F freighter

29.08.2016 [17:19]
Azerbaijan’s national air cargo carrier Silk Way Airlines received another new Boeing 747-8F aircraft. This is the 8th Boeing and 4th Boeing 747-8F aircraft, which will be operated by the airline. Delivery of the new aircraft will enable ...
Authorized capital of Private Credit Bureau to be 2.2m euros

Authorized capital of Private Credit Bureau to be 2.2m euros

29.08.2016 [16:43]
The authorized capital of the Private Credit Bureau will be 2.2 million euros, Azerbaijan Banks Association has said. Icelandic credit bureau and information services group Creditinfo will own 51 per cent of shares of the credit bureau ...
SOCAR to drill 26 new wells at Bulla-deniz offshore field until 2025

SOCAR to drill 26 new wells at Bulla-deniz offshore field until 2025

29.08.2016 [14:53]
Azerbaijan`s State Oil Company (SOCAR) said it is planning to drill 26 new wells at the Bulla-deniz offshore field in 2016-2025. SOCAR first vice-president Khoshbakht Yusifzade said five new platforms would be also installed at the field during this period ...
First spotting held at Heydar Aliyev International Airport

First spotting held at Heydar Aliyev International Airport

29.08.2016 [13:31]
The first official spotting organized by CJSC Azerbaijan Airlines (AZAL) was held at the Heydar Aliyev International Airport. The event was attended by about 30 professional photographers and aviation photography amateurs ...
ADB approves $240m to help Kazakhstan modernize transport, improve connectivity

ADB approves $240m to help Kazakhstan modernize transport, improve connectivity

29.08.2016 [12:03]
The Asian Development Bank (ADB) has approved a $240.3 million loan to help Kazakhstan modernize its transport system. Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea ...
1st IAEE Eurasian Conference kicks off in Baku   <span style="color:#ff0000">VIDEO</span>

1st IAEE Eurasian Conference kicks off in Baku VIDEO

29.08.2016 [11:14]
The First Eurasian Conference organized by the International Association for Energy Economics (IAEE) to focus on the energy economics emerging from the Caspian region has kicked off today in the capital city of Azerbaijan ...
Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

29.08.2016 [10:37]
"Azerbaijan produces 82-88 billion cubic meters of natural gas and 115-120 thousand tons of oil daily," Azerbaijan’s Deputy Energy Minister Natig Abbasov stated at the first Eurasia Conference on “Emerging energy economies in the Caspian regions: ...
Pobeda airline authorized to launch Rostov-Baku flight

Pobeda airline authorized to launch Rostov-Baku flight

28.08.2016 [16:12]
Russian Pobeda airline has said it was authorized by the country`s Federal Air Transport Agency to open a flight from Rostov to Baku. The flight can be carried out four times per week, the airline said ...
Baku-Tbilisi-Kars railway to encourage development of TITR

Baku-Tbilisi-Kars railway to encourage development of TITR

27.08.2016 [20:12]
The anticipated construction of the Baku-Tbilisi-Kars railway next year will undoubtedly give further impetus to the development of the Trans-Caspian International Transport Route (TITR), Vice President of Kazakhstan Railways Kanat Alpysbayev has told an international conference in Aktau ...
Komiavaiatrans resumes Nizhny Novgorod-Baku flight

Komiavaiatrans resumes Nizhny Novgorod-Baku flight

27.08.2016 [19:19]
Russian Komiavaiatrans airline has resumed the direct flights on Nizhny Novgorod-Baku route. The flight is carried out by Embraer 145 airplanes. The flight takes place once a week: from Baku on Thursdays at 19.15 and from Nizhny Novgorod on Fridays at 09.30 ...
Fitch Affirms Azerbaijan at 'BB+'

Fitch Affirms Azerbaijan at 'BB+'

27.08.2016 [16:18]
Fitch Ratings has affirmed Azerbaijan's Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB+'. The issue rating on Azerbaijan's senior unsecured Foreign-Currency bond has also been affirmed at 'BB+'. The Country Ceiling has been affirmed at 'BB+'. ...
SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

SOCAR signs MoU on Ionian-Adriatic pipeline with four European countries

27.08.2016 [12:19]
The State Oil Company of Azerbaijan Republic (SOCAR) has signed a Memorandum of Understanding on a project for the construction of the future Ionian-Adriatic gas pipeline (IAP) with Croatia, Albania, Bosnia and Herzegovina and Montenegro. According to ...