Azerbaijani entrepreneurs to cooperate with counterparts from Iran`s Golestan Province
Businessmen from Azerbaijan and Iran`s Golestan province will establish mutual cooperation. This was agreed at a meeting between President of National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan Republic (ASK) Mammad Musayev and a delegation of 30 businessmen led by governor ...
Petlim receives first trading ship

Petlim receives first trading ship

07.12.2016 [20:02]
Petlim container port, built by the State Oil Company of Azerbaijan Republic (SOCAR) in the territory of Petkim peninsula, Izmir (Turkey), has received the first ship. The 28-year exploitation agreement with APM Terminals company included in most successful and biggest group of the world ...
65 percent of pipes for onshore section of TAP pipeline arrived in Albania

65 percent of pipes for onshore section of TAP pipeline arrived in Albania

07.12.2016 [19:20]
To date, approximately 65 percent of the 13,000 pipes used for the onshore section of the TAP pipeline in Albania have arrived. The work on the eastern segment of the Trans-Adriatic Pipeline (TAP) will start in 2017 ...
Kazakhstan launches Kuryk ferry complex on Trans Caspian route

Kazakhstan launches Kuryk ferry complex on Trans Caspian route

07.12.2016 [19:19]
Kazakhstan has launched Kuryk ferry complex on the Trans-Caspian International Transport Route. With a capacity of 4 million tons of cargo a year, the new ferry complex will focus on handling grain, petroleum products, fertilizers, chemicals and other goods in ...
Iran parliament ratifies electricity deal with Azerbaijan

Iran parliament ratifies electricity deal with Azerbaijan

07.12.2016 [17:43]
Iran's Islamic Consultative Assembly has ratified an agreement with Azerbaijan under which the two countries will continue the construction of Khudaferin and Maiden Tower hydroelectric power plants over the Araz River ...
TripAdvisor community selects Baku as top Asia destination    <span style="color:#ff0000">VIDEO</span>

TripAdvisor community selects Baku as top Asia destination VIDEO

07.12.2016 [16:29]
TripAdvisor®, the travel planning and booking site, today announced the Travellers’ Choice awards for Destinations on the Rise, with Baku, the capital of Azerbaijan, taking the top spot for Asia, while the laid-back local scene of San Jose del Cabo in Mexico ...
Heydar Aliyev International Airport served three million passengers during 11 months of 2016

Heydar Aliyev International Airport served three million passengers during 11 months of 2016

07.12.2016 [15:30]
Heydar Aliyev International Airport served over 231,000 passengers in November this year, which is 23 percent higher than the same period of last year. Over 11 months of 2016 the Baku airport served about three million passengers. 1.8 ...
ADB approves $500 million loan to support Azerbaijan’s economy

ADB approves $500 million loan to support Azerbaijan’s economy

07.12.2016 [15:02]
The Asian Development Bank (ADB) has approved a $500 million loan to help Azerbaijan diversify its economy. The loan will help maintain social spending, create jobs, and to mitigate the adverse impact of a crash in oil prices ...
Venezuelan president suggests summit of oil producers in early 2017

Venezuelan president suggests summit of oil producers in early 2017

07.12.2016 [12:55]
Venezuelan President Nicolas Maduro has suggested holding a summit to bring together major oil producers, including non-OPEC states, for talks on stabilizing oil prices early next year, according to TASS. Speaking in the northern Carabobo state late Tuesday, the president pledged to send his written ...
ADB Supports $1 billion financing to expand Azerbaijan gas field

ADB Supports $1 billion financing to expand Azerbaijan gas field

07.12.2016 [11:38]
The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, according to official site of ADB. The assistance comprises a $500 million private sector loan to the Southern Gas ...
Oil prices fall on world markets

Oil prices fall on world markets

07.12.2016 [10:53]
Oil prices continue to fall on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.86 to stand at $50.93. The price of Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $1.01 to trade at $53.93 ...
Azerbaijan Caspian Shipping, Kazakhstan Railways sign cooperation agreement

Azerbaijan Caspian Shipping, Kazakhstan Railways sign cooperation agreement

07.12.2016 [10:17]
On the invitation of the Kazakhstan Railways, recently the Chairman of Caspian Shipping Company Rauf Valiyev has been visiting Astana to take part at the “Industrialization Day” events . During the visit, Azerbaijan Caspian Shipping Company and Kazakhstan Railways signed an agreement on ...

Azerbaijan endorses strategic road maps for development of national economy and main economic sectors

06.12.2016 [19:44]
Azerbaijani President Ilham Aliyev has signed a Decree endorsing “Strategic road maps for the national economy and main economic sectors”. The Decree aims to define the country`s development goals and priorities and ensure their implementation ...
UK company Baron Oil found 885 million barrels reserves in Peru offshore block

UK company Baron Oil found 885 million barrels reserves in Peru offshore block

06.12.2016 [19:14]
The UK oil producer Baron Oil released that its offshore Block Z-34 in shelf of Peru has reserves totaling 885 million barrels. The deep-water offshore oil block in the Talara Basin off northwest Peru is operated by the UK oil company in partnership with Union Oil & ...
SOCAR delegation attends Techno forum 2016 in Japan

SOCAR delegation attends Techno forum 2016 in Japan

06.12.2016 [19:11]
Tokyo and Yokohama hosted Techno forum 2016 organised by Japan Oil, Gas and Metals National Corporation (JOGMEC) from November 27 to December 3. Azerbaijani Embassy in Japan, SOCAR, and SOCAR Upstream were represented at the conference, attended ...
Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

06.12.2016 [18:38]
"Azerbaijan has managed to attract the largest amount of foreign investment in recent years and is the regional leader in this regard," said Minister of Taxes Fazil Mammadov as he met with a delegation led by Pakistan's Minister of Commerce Khurram Dastgir Khan in Baku. ...
Non-oil sector budget revenues forecast to be AZN 8.3bn in Azerbaijan`s 2017 state budget

Non-oil sector budget revenues forecast to be AZN 8.3bn in Azerbaijan`s 2017 state budget

06.12.2016 [18:04]
Azerbaijani Minister of Finance Samir Sharifov has said the non-oil sector revenues will account for 8.3 billion manats in the country`s 2017 state budget. This makes 51.2 per cent of the total budget, which is 9.5 per cent or 718 million manants more that in 2016, he told a plenary ...
“Asan Imza” technology presented to Afghan delegation

“Asan Imza” technology presented to Afghan delegation

06.12.2016 [16:52]
A delegation from the Islamic Republic of Afghanistan that visited Baku from November 27th up to 30th recently got familiarized with the innovative mobile qualified electronic signature technology of “Asan Imza”. The Afghan delegation was represented by the head of “ASAN Khedmat” of Afghanistan, the deputy ...
Over 2 mln tons of Azerbaijani oil exported via BTC pipeline in November

Over 2 mln tons of Azerbaijani oil exported via BTC pipeline in November

06.12.2016 [16:34]
2,72,571 tons of Azerbaijani oil was transported via Baku-Tbilisi-Ceyhan-BTC main export pipeline in November 2016. According to the press service of SOCAR, 26,476,233 tons of oil was exported from Ceyhan Port in January-November ...