SOCAR is looking to increase production of natural gas in coming years, the company's head Rovnag Abdullayev told Reuters, in an effort to reverse a decline in output. In coming years, he said, the country expected to put on stream several gas fields that would provide much-needed output ...

Government of Georgia welcomes establishing of Caspian Energy Georgia

21.08.2017 [17:41]
The meeting between the representatives of the Administration of the Government of Georgia, the Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Georgia and the delegation of the Caspian European Club and Caspian Energy ...

Azeri Light crude sells for $53.39

19.08.2017 [12:26]
Azeri Light crude oil price has risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.51 to stand at $53.39 ...

Oil prices rise on world markets

19.08.2017 [10:56]
Oil prices have risen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $1.42 to stand at $48.51. Price of the Brent crude oil at the London ICE (Intercontinental ...

Azeri Light oil price falls on world markets

18.08.2017 [10:59]
The price of a barrel of Azeri Light crude oil decreased $0.11 to trade at $52.88 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.02 to stand at $47.07. Price of the Brent crude oil at the London ICE ...

Azerbaijani products to be presented at Worldfood Moscow international exhibition

17.08.2017 [20:39]
Azerbaijani products will be exhibited at the Worldfood Moscow International Food and Drinks Exhibition to be held in the Russian capital on September 11-14. The products of more than 30 Azerbaijani companies will be on display ...

8th Russia-Azerbaijan Inter-Regional Forum to be held in Stavropol

17.08.2017 [19:40]
The 8th Russia-Azerbaijan Inter-Regional Forum will be held in Stavropol, Russian Federation, on September 28. Officials and entrepreneurs representing various sectors of economy from regions of Russia and Azerbaijan will take part in the ...

Number of BP’s Azerbaijani national employees was 2,743 in first half of 2017

17.08.2017 [18:06]
“At the end of the first half of 2017, the number of BP’s Azerbaijani national employees was 2,743 including fixed-term employees,” the company said in a press release. “85% of BP’s professional employees in Azerbaijan are nationals and many of them are in senior positions, including six ...

BP: Shah Deniz Stage 2 project over 95% complete

17.08.2017 [17:00]
“During the first half of 2017, implementation of the Shah Deniz Stage 2 project continued successfully. The project is now over 95% complete in terms of engineering, procurement and construction, and remains on target for first gas from Shah Deniz Stage 2 in 2018,” according to BP-Azerbaijan ...

Shah Deniz field produced 5.1 bcm of gas in first half of 2017

17.08.2017 [16:33]
“In the first half of 2017, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations. During the two quarters, the field produced about 5.1 billion standard cubic metres (bcm) of gas and 1.2 million tonnes ...

15% discount to holders of MasterCard debit and credit cards from AtaBank

17.08.2017 [15:22]
AtaBank OJSC in cooperation with MasterCard started new promo campaign. Owners of the MasterCard and Maestro cards of AtaBank OJSC placing order via "MyDutyFree" (www.mydutyfree.net) website or "App Store"/"Play Store" applications will get 15% discount in "Duty Free" shops at the Heydar Aliyev International Airport ...

“TAP among major milestones in Fluxys company’s growth”

16.08.2017 [20:52]
The Trans Adriatic Pipeline (TAP), will be one of the major milestones in Fluxys Belgium’s growth, said Pascal de Buck, CEO of Fluxys, TAP shareholder. He pointed out that the pipeline’s commissioning is planned for 2020 as before ...

More than 48,000 tourists visited Gobustan National Historical-Artistic Reserve in six months of 2017

15.08.2017 [18:59]
A total of 48,219 tourists visited Gobustan National Historical-Artistic Reserve in the first six months of 2017, according to an employee of the Reserve. “25,663 of them were foreign tourists,” said Rahman Abdullayev. “The majority of foreign tourists visiting Gobustan Reserve are from Russia ...

Tourism potential of Astana presented in Baku VIDEO

15.08.2017 [17:09]
A ceremony to launch a tourism potential of city of Astana has been held in Baku. The event also featured a demonstration of video about “EXPO 2017” held in Astana. Consul of Embassy of Kazakhstan to Azerbaijan Nurbek Almashov ...

Recently opened division of AtaBank OJSC provides wide range of currency exchange services

15.08.2017 [14:13]
Located on Pushkin Street near 28 May metro station "Sahil" division of AtaBank OJSC provides a wide range of currency exchange services to individuals and legal entities. Operations with USD, EUR, GBP, CHF, RUR, TRY, GEL, AED, SAR, İRR, JPY, KZT are ...

TAP positively influences Albania’s construction sector

15.08.2017 [11:17]
The continuation of the project for construction of the Trans Adriatic Pipeline (TAP), which envisages delivery of Azerbaijani gas to Europe, has had a positive effect on Albania’s construction sector, according to the data released by the Bank of Albania ...

Azeri Light crude sells for $53.80

15.08.2017 [10:54]
Oil prices have risen on the world markets. The price of a barrel of Azeri Light crude oil increased $0.50 to stand at $53.80. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.02 to stand at $47.60. Price of the Brent ...

Oil prices decrease on world markets

14.08.2017 [21:32]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.04 to stand at $48.78. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell ...

‘Azerbaijan strengthens agricultural cooperation with China’

14.08.2017 [21:02]
“Azerbaijan develops its agricultural cooperation with China in a new dimension as it does in all other spheres of economy,” said Deputy Minister of Agriculture Ilham Guliyev as he met with with a delegation led by chairman of the Board of Beijing based Norinco ...