Azerbaijan, IDB sign grant agreement
The Azerbaijani government and the Islamic Development Bank (IDB) have signed a grant agreement to provide technical assistance to prepare the legal framework for Islamic finance. The agreement envisages the analysis of banking legislation ...
Economic achievements of Azerbaijan in spotlight of Bulgarian Bloomberg TV

Economic achievements of Azerbaijan in spotlight of Bulgarian Bloomberg TV

18.01.2017 [20:21]
Azerbaijani ambassador to Bulgaria Nargiz Gurbanova has been interviewed by “Bloomberg TV Bulgaria” on the occasion of the 25th anniversary of establishment of diplomatic relations between the two countries. The interview headlined “Energy makes the basis of current relations between Bulgaria and Azerbaijan” was placed ...
Azerbaijan`s Minister of Culture and Tourism meets Secretary-General of UNWTO

Azerbaijan`s Minister of Culture and Tourism meets Secretary-General of UNWTO

18.01.2017 [18:54]
Azerbaijan`s Minister of Culture and Tourism Abulfas Garayev has met with Secretary-General of the World Tourism Organization (UNWTO) Taleb Rifai. They discussed cooperation between Azerbaijan and the Organization ...
SOCAR hosts Czech delegation

SOCAR hosts Czech delegation

18.01.2017 [18:20]
A delegation led by Czech Minister of Industry and Trade Jan Mladek has visited SOCAR main office to meet Vice President for Field Development Yashar Latifov. The Czech delegation was informed about the oil and gas projects implemented in Azerbaijan and their achievements ...
SOCAR produces over 6.25 bln cm of gas in 2016

SOCAR produces over 6.25 bln cm of gas in 2016

18.01.2017 [17:54]
The State Oil Company of Azerbaijan Republic (SOCAR) produced 6,266,700,000 cubic meters of gas in 2016. A total of 29,367,100,000 cubic meters of gas was produced in Azerbaijan last year, the company said ...
OPEC lowers oil production in December

OPEC lowers oil production in December

18.01.2017 [17:44]
OPEC crude oil production decreased by 221 thousand barrels per day (b/d) to 33.08 million b/d in December, according to the organization's Wednesday report. Global oil supply fell by 300 thousand b/d to average 96.92 million b/d in December ...
SOCAR selects Axens AlphaButol technology for its GPC project in Azerbaijan

SOCAR selects Axens AlphaButol technology for its GPC project in Azerbaijan

18.01.2017 [17:19]
Axens confirmed today the signature of an AlphaButol technology licensing agreement with SOCAR for the production of high purity 1-Butene through ethylene dimerization. The AlphaButol unit of 32,000 tons per annum capacity will be installed in Garadagh, located just south of Baku, in Azerbaijan ...
Almost one third of TAP route cleared in Greece, Albania

Almost one third of TAP route cleared in Greece, Albania

18.01.2017 [16:51]
The Trans Adriatic Pipeline (TAP) pipeline project continues rapidly despite the severe winter in the EU. Nearly one third of TAP route has been cleared and graded (250km out of 765km) in Greece and Albania, TAP said on its Twitter ...
Azerbaijan exported 1,5 million tons of oil products in 2016

Azerbaijan exported 1,5 million tons of oil products in 2016

18.01.2017 [12:20]
Azerbaijan exported 1,541,347 ton of oil products in 2016, according to the State Customs Committee. Official figures suggest that the total value of the exported oil products made ...
Azerbaijan exported 6.7 bn cm of gas last year

Azerbaijan exported 6.7 bn cm of gas last year

18.01.2017 [12:14]
Azerbaijan exported 6,754,649,240 cubic metres of natural gas in 2016, according to the State Customs Committee. The country made a profit of $970,675,920 from this export, the State Customs Committee said. ...
Azerbaijan exported 20.9 million tons of crude oil in 2016

Azerbaijan exported 20.9 million tons of crude oil in 2016

18.01.2017 [11:58]
Azerbaijan exported 20,901,290 million tons of crude oil in 2016, according to the State Customs Committee. Official figures suggest that the total value of the exported oil products made $6,504,517,270. ...
Azeri Light crude sells for $56.29/barrels

Azeri Light crude sells for $56.29/barrels

18.01.2017 [11:20]
Oil prices have risen on the world markets, with a barrel of Azeri Light trading for $56.29. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.11 to stand at $52.48. Price of the Brent crude oil at the London ICE ...
Pharmaceutical plant to be built in Baku testifies to successful cooperation between Azerbaijan and Iran

Pharmaceutical plant to be built in Baku testifies to successful cooperation between Azerbaijan and Iran

18.01.2017 [11:14]
“A pharmaceutical plant, which will be built in Baku, is one of important projects implemented in the non-oil sector of Azerbaijan. This project is a bright example of successful cooperation between Azerbaijan and Iran,” said Deputy Prime Minister of Azerbaijan and Chair of the State Committee for Refugees ...
Azerbaijani delegation attends 7th meeting of Assembly of International Renewable Energy Agency

Azerbaijani delegation attends 7th meeting of Assembly of International Renewable Energy Agency

18.01.2017 [10:31]
Azerbaijan`s delegation is attending the 7th meeting of the Assembly of the International Renewable Energy Agency (IRENA) and World Future Energy Summit (WFES) held in Abu Dhabi, the United Arab Emirates ...
SOCAR starts interest payment on its USD bonds

SOCAR starts interest payment on its USD bonds

18.01.2017 [10:25]
Azerbaijan’s State Oil Company SOCAR has launched dividend payment to owners of its USD bonds. SOCAR Vice-President for economic issues Suleyman Gasimov said that on the first day of payment the owners received dividends worth ...
Jan Mladek: Czech Republic is interested in purchasing gas from Azerbaijan

Jan Mladek: Czech Republic is interested in purchasing gas from Azerbaijan

17.01.2017 [18:50]
Czech Republic is interested in purchasing gas from Azerbaijan, said Minister of Industry and Trade Jan Mladek. Mladek noted that Azerbaijan is a strategic supplier of oil to the Czech Republic. Today these supplies meet about one third of demands of the Czech Republic ...
'Czech companies are keen to operate in Azerbaijan's non-oil sector'

'Czech companies are keen to operate in Azerbaijan's non-oil sector'

17.01.2017 [17:20]
"Czech companies are interested in operating in Azerbaijan's non-oil sector," said Czech Minister of Industry and Trade Jan Mladek as he met with Azerbaijan's Economy Minister Shahin Mustafayev. Jan Mladek praised the development of Azerbaijan-Czech bilateral relations ...
Export-Import Bank of Korea issues €500 million for Sumgait carbamide plant

Export-Import Bank of Korea issues €500 million for Sumgait carbamide plant

17.01.2017 [16:23]
SOCAR attracted a loan from the Export-Import Bank of Korea (Eximbank) for its carbamide plant to be constructed in Sumgait, the third largest city of Azerbaijan. The official export credit agency, providing comprehensive export ...
Azerbaijan-Czech business forum held in Baku

Azerbaijan-Czech business forum held in Baku

17.01.2017 [15:22]
Azerbaijan-Czech business forum has been held in Baku. Addressing the event, Azerbaijan`s Minister of Economy Shahin Mustafayev praised political relations between Azerbaijan and Czech Republic and highlighted successfully developing cooperation. The Minister spoke about such forums in terms ...