Heads of Azerbaijani, Georgian and Turkish railways to gather in Tbilisi
The next meeting of heads of Azerbaijani, Georgian and Turkish railways will be held in Tbilisi on February 12, Georgian minister of economy and sustainable development Dimitry Kumsishvili told AZERTAC`s special correspondent. ...
OPEC sees steeper drop in rivals' supply as price curbs spending

OPEC sees steeper drop in rivals' supply as price curbs spending

10.02.2016 [18:24]
OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated, according to Bloomberg. Production outside the Organization of Petroleum Exporting Countries will fall by 700,000 barrels a day in 2016, or 40,000 a day more than ...
EIA slides oil price forecast lower

EIA slides oil price forecast lower

10.02.2016 [15:26]
The U.S. Energy Information Administration (EIA) lowered its forecast on oil prices in a new forecast. The government agency expects WTI prices to average $37.59/bbl this year vs. $38.54/bbl prior forecast. The EIA sees Brent crude ...
Oil demand growth set to ‘ease back considerably’: IEA

Oil demand growth set to ‘ease back considerably’: IEA

10.02.2016 [15:15]
There is little chance of a respite for oil in the next few months as global demand growth will "ease back considerably" in 2016, according to the latest forecasts from the International Energy Agency (IEA), according to CNBC. ...
Oil price on world markets

Oil price on world markets

10.02.2016 [11:28]
The price of oil continue falling in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.44 to stand at ...
Goldman Sees Risk of Oil Below $20

Goldman Sees Risk of Oil Below $20

09.02.2016 [19:36]
Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted, according to Bloomberg. ...
Hungarian companies interested in cooperation with Azerbaijani businessmen

Hungarian companies interested in cooperation with Azerbaijani businessmen

09.02.2016 [19:32]
Hungarian companies are interested in cooperation with Azerbaijani businessmen, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said. ...
AZAL reduces price for Moscow-Baku flight tickets

AZAL reduces price for Moscow-Baku flight tickets

09.02.2016 [19:06]
Azerbaijan Airlines (AZAL) has announced discounts on the price for Moscow-Baku flight tickets. From February 9 until March 1, “Budget” tariff tickets will cost 69 euros for Moscow-Baku flight, while Moscow-Baku-Moscow tickets will be available for 158 euros ...
Georgian PM: Azerbaijan is main supplier of natural gas to Georgia

Georgian PM: Azerbaijan is main supplier of natural gas to Georgia

09.02.2016 [16:20]
“Azerbaijan is the main supplier of natural gas to Georgia. We successfully cooperate with Azerbaijan in all spheres, including energy,” Prime Minister of Georgia Giorgi Kvirikashvili said in an interview with local media. Kvirikashvili dismissed allegations that Georgia plans to buy natural gas from Gazprom ...
Oil price on world markets

Oil price on world markets

09.02.2016 [10:50]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.20 to stand at ...
Baku to host 2nd Southern Gas Corridor Advisory Council meeting

Baku to host 2nd Southern Gas Corridor Advisory Council meeting

08.02.2016 [21:22]
Baku will host the 2nd Southern Gas Corridor Advisory Council meeting on February 29. According to Azerbaijan`s Ministry of Energy, invitation letters were sent to ministers of energy and representatives of various organizations from Southern Gas Corridor member countries ...
World's largest energy trader sees a decade of low oil prices

World's largest energy trader sees a decade of low oil prices

08.02.2016 [21:17]
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. "It’s hard to see a dramatic price increase," Vitol Group BV Chief Executive Officer Ian Taylor ...
Azerbaijan starts electric power supply to Turkey

Azerbaijan starts electric power supply to Turkey

08.02.2016 [20:31]
Azerbaijan has started supplying electric power to Turkey under the project “Azerbaijan-Georgia-Turkey Energy Bridge”. Turkey receives 80MWs of electric power a day from Azerbaijan ...
Foreign airlines may open new budget flights to Azerbaijani regions

Foreign airlines may open new budget flights to Azerbaijani regions

08.02.2016 [19:23]
International Airports jointly with the Aviation Security Department of Azerbaijan Airlines (AZAL) are holding negotiations with representatives of the aviation authorities of Turkey, the United Arab Emirates, Israel and some other countries for closer cooperation within passenger air transportation ...
Azerbaijan, ADB discuss issues on economic reforms

Azerbaijan, ADB discuss issues on economic reforms

08.02.2016 [13:37]
Assistant to the President on Economic Reforms Natig Amirov has met the visiting delegation led by Kathie Julian, Asian Development Bank (ADB) Officer-in-Charge, Azerbaijan Resident Mission. The sides discussed the issues related to the analysis of the overall macroeconomic situation, identifying ...
Oil price on world markets

Oil price on world markets

08.02.2016 [11:00]
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.20 to stand at $31.17. Price of the Brent crude oil at the London ICE ...
Azerbaijan, Lebanon discuss prospects for tourism cooperation

Azerbaijan, Lebanon discuss prospects for tourism cooperation

07.02.2016 [12:22]
Azerbaijani Ambassador to Lebanon Aghasalim Shukurov has met Lebanese Minister of Tourism Michel Pharaon to discuss bilateral relations in the field of tourism. The Ambassador briefed the Minister on the history of Azerbaijan, and noted that the country achieved the historical successes thanks to ...
Secretary General Ramil Hasanov holds meetings in Kyrgyzstan

Secretary General Ramil Hasanov holds meetings in Kyrgyzstan

06.02.2016 [18:12]
Secretary General of the Turkic Council Ambassador Ramil Hasanov has met Kyrgyz Economy Minister Arzybek Kojoshev. They highlighted successfully developing cooperation between the Turkic Council and Kyrgyzstan in the trade-economic, cultural, humanitarian, investment making and energy fields ...
Shahmar Movsumov: Azerbaijan has a strong base to withstand shocks

Shahmar Movsumov: Azerbaijan has a strong base to withstand shocks

06.02.2016 [17:34]
Azerbaijan has a strong base to withstand shocks, Shahmar Movsumov, Executive Director of the State Oil Fund of Azerbaijan Republic (SOFAZ), wrote in his letter published in Financial Times. Movsumov agrees that most of the hydrocarbon-exporting countries, including Azerbaijan are ...