New floating drilling rig to be commissioned by the end of 2016
Azerbaijan State Oil Company (SOCAR) will commission a new floating drilling rig by the end of 2016. This will be one of the most modern facilities in the world, president of SOCAR Rovnag Abdullayev said ...
Azerbaijan`s Minister of Economy and Industry meets Serbian ambassador

Azerbaijan`s Minister of Economy and Industry meets Serbian ambassador

22.11.2014 [13:06]
Azerbaijani Minister of Economy and Industry Shahin Mustafayev has met the Serbian Ambassador in Baku Nebojsa Rodic. The Minister highlighted developing relations between the two countries in various fields, stressed the importance of reciprocal visits, ...
Negotiations on opening the FAO Partnership and Coordination office wrap up successfully

Negotiations on opening the FAO Partnership and Coordination office wrap up successfully

22.11.2014 [11:59]
Azerbaijani minister of Agriculture Heydar Asadov met with the Director General of UN Food and Agriculture Organization (FAO) ...

EBRD: Azerbaijan improves quality of ICT in Caucasus

21.11.2014 [17:52]
ICT projects implemented by Azerbaijan are helping to improve the quality of telecommunications in the whole Caucasus, the European Bank for Reconstruction and Development (EBRD) said in its Transition Report 2014 ...

SOCAR chief: Greece is a valuable partner for Azerbaijan

21.11.2014 [14:55]
President of Azerbaijan`s state oil firm, SOCAR, Rovnag Abdullayev has praised the importance of Greece to Azerbaijan as he was interviewed by Greek Imerissia newspaper. ...
SOFAZ Executive Director attends 6th meeting of International Forum of Sovereign Wealth Funds

SOFAZ Executive Director attends 6th meeting of International Forum of Sovereign Wealth Funds

21.11.2014 [14:03]
Executive Director of Azerbaijan`s State Oil Fund (SOFAZ), Shahmar Movsumov, has participated in the 6th annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF) in the Qatari capital of Doha. Hosted by the Qatar Investment Authority, the meeting convened senior officials of Sovereign Wealth Funds from more than 24 ...
Akkord Corporation, German Bauer sign MoU

Akkord Corporation, German Bauer sign MoU

20.11.2014 [20:30]
Akkord Industry Construction Investment Corporation has signed a Memorandum of Understanding with the German Bauer to look for new projects and expand experience. Founded in 1790, Bauer is currently the world's expert in the fields of construction ...
UK crisis brings Azerbaijan’s role in ensuring EU energy security centre-stage

UK crisis brings Azerbaijan’s role in ensuring EU energy security centre-stage

20.11.2014 [13:39]
On 18 November, The European Azerbaijan Society (TEAS) organized a timely debate in Parliament to discuss the future of the UK’s energy supply and how this may be secured in the future. The debate came at an important time, as the past year has seen the signing of the $45bn final investment decision (FID) between the ...
2nd Azerbaijan and Caspian Sea Oil and Gas Week 2014 kicks off

2nd Azerbaijan and Caspian Sea Oil and Gas Week 2014 kicks off

20.11.2014 [13:09]
The 2nd Azerbaijan and Caspian Sea Oil and Gas Week 2014 kicked off in Baku, capital of Azerbaijan. Speaking at the forum, the head of department of marketing and logistics of the Oil and Gas Processing and Petrochemical Complex (NOC) ...
Azeri Light oil price increases in world markets

Azeri Light oil price increases in world markets

20.11.2014 [12:19]
The price of a barrel of Azeri Light crude oil has increased $0,18 to stand at $80,14 in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange), cost of the US Light crude oil decreased $ 0,03 to trade at ...

Iran, Azerbaijan to expand cooperation

19.11.2014 [21:24]
Iran and Azerbaijan will expand their cooperation in numerous fields, including in mining, steel and automotive industries, stimulated by the high level political relations between the two countries, Azerbaijani Economy and Industry Minister Shahin Mustafayev said in the meeting ...

Next year Azerbaijan to issue Union Pay cards

19.11.2014 [17:03]
Starting from today the International Bank of Azerbaijan OJSC will accept Union Pay payment cards in its ATM and POS-terminals network. According to Elmir Habibullayev, Director General of the International Bank of Azerbaijan (IBA), as a result, the bank customers will get ...
New contracts awarded for Shah Deniz Stage 2

New contracts awarded for Shah Deniz Stage 2

19.11.2014 [11:28]
The Shah Deniz consortium has announced the recent award of a further two contracts key to the progress of the Shah Deniz Stage 2 development project. The two contracts have a combined value of $226 million and have been awarded to ShawCor Nederland B.V. (Bredero), part of ...

Azerbaijan, UAE discuss transport cooperation

18.11.2014 [22:44]
Azerbaijan`s Minister of Transport Ziya Mammadov has met a delegation led by Minister of Economy of the United Arab Emirates, co-chair of the Joint Intergovernmental Commission on Economic, Trade and Technical Cooperation Sultan Bin Saeed Al Mansoori ...
UAE delegation views Baku White City project

UAE delegation views Baku White City project

18.11.2014 [21:46]
A delegation led by Minister of Economy of the United Arab Emirates, co-chair of the Joint Intergovernmental Commission on Economic, Trade and Technical Cooperation Sultan Bin Saeed Al Mansoori has today viewed the Baku White City project ...
Baku hosts 5th meeting of Azerbaijan-UAE Intergovernmental Commission

Baku hosts 5th meeting of Azerbaijan-UAE Intergovernmental Commission

18.11.2014 [15:38]
Baku hosts the 5th meeting of Intergovernmental Commission on economy, trade and technical cooperation between Azerbaijan and United Arab Emirates (UAE). ...

"Lonely Planet Italy" portal calls tourists discover the beauty of Azerbaijan

18.11.2014 [12:50]
An article posted in "Lonely Planet Italia" portal deals with the tourism potential of Azerbaijan. It is reported that, country's rich energy resources provide a basis for rapid economic development. Azerbaijan's capital, Baku ...

"Baku Steel Company" LLC awarded the prize of "Metallurgical Company of the Year"

18.11.2014 [12:17]
A flagship of the modern metallurgy of Azerbaijan Republic - Baku Steel Company LLC is the first up-to-date steelworks in the Caucasus region. The president of Georgia Giorgi Margvelashvili presented “Caspian Energy Award” on nomination "Metallurgical Company of the ...
Azerbaijan’s successes in focus of Malaysia

Azerbaijan’s successes in focus of Malaysia

17.11.2014 [19:38]
The 5th OIC World BIZ ‘Business & Investment Zone’ Exhibition & Conference 2014 (formerly known as the Muslim World BIZ) was held on the 10-15 November 2014, in the capital of Malaysia, Kuala Lumpur. Embassy of Azerbaijan to Malaysia and delegation of "Avesta" Concern represented the country ...