Azerbaijani Savalan wines to be presented in Kazakhstan
“Savalan wines will be presented during an export mission to Almaty and Astana, Kazakhstan, on April 23-26,” said Jahangir Shafizade, deputy director for economic issues of ASPI AQRO Ltd. “Presently our company exports Savalan wines to Russia, Turkey, Netherlands and China ...
Russian export center to open Azerbaijan office

Russian export center to open Azerbaijan office

22.04.2017 [20:22]
The Russian Export Center (REC) plans to open three new representative offices: in India, Indonesia and Azerbaijan, Alexey Tyupanov, Executive Director of REC group, said. “We opened six representative offices in 2016. The plan for 2017 is to open representative offices in India, Indonesia ...
UAE to assist Azerbaijan in opening trading house

UAE to assist Azerbaijan in opening trading house

22.04.2017 [19:06]
"The United Arab Emirates will assist Azerbaijan in opening a trading house in the country," said Minister of Economy of the UAE Sultan Bin Saeed Al Mansouri as he met with his Azerbaijani counterpart Shahin Mustafayev on the sidelines of the 6th session of ...
Baku to host Arab-Azerbaijan business forum

Baku to host Arab-Azerbaijan business forum

22.04.2017 [16:53]
An Arab-Azerbaijan business forum will be held in Baku in October. Nearly 300 business people from Arab countries will attend the forum, according to Elshan Rahimov, head of "Cooperation between Azerbaijan and Arab countries" NGO ...
Azeri Light crude sells for $53.24

Azeri Light crude sells for $53.24

22.04.2017 [12:52]
Azeri Light crude oil price continues to fall on the world markets. The price of a barrel of Azeri Light crude oil decreased $0.57 to stand at $53.24 ...
Iraq may seek exemption from OPEC oil cuts to boost own output

Iraq may seek exemption from OPEC oil cuts to boost own output

22.04.2017 [10:41]
Iraq may seek to be exempt from a deal between oil exporters to reduce global supply in order to support crude prices and ask to boost its own output, the leader of the nation's Shi'ite ruling coalition Ammar al-Hakim told Reuters. OPEC is due to meet in May to decide ...
Oil prices decrease on world markets

Oil prices decrease on world markets

22.04.2017 [10:34]
Oil prices have fallen on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $1.09 to stand at $49.62. Price of the Brent crude oil at the London ICE ...
SOFAZ Supervisory Board holds meeting

SOFAZ Supervisory Board holds meeting

21.04.2017 [18:38]
A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on April 21. The meeting chaired by Artur Rasizade, Prime Minister of Azerbaijan and Chair of the Supervisory Board discussed the Fund's annual report and ...
Italy court revokes order that had halted work on TAP pipeline

Italy court revokes order that had halted work on TAP pipeline

21.04.2017 [11:17]
The Italian administrative court has halted work to remove olive trees standing in the path of the Trans Adriatic Pipeline (TAP), which envisages transportation of Azerbaijani gas to Europe, Mariano Alterio, a lawyer involved in the case, stated ...
Azeri Light crude sells for $53.81

Azeri Light crude sells for $53.81

21.04.2017 [10:39]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.17 to stand at $50.27. Price of the Brent ...
'Azerbaijan is keen to establish joint ventures with UAE'

'Azerbaijan is keen to establish joint ventures with UAE'

20.04.2017 [20:09]
"Azerbaijan is interested in building close cooperation and establishing joint ventures in industrial, logistic and transportation areas with the United Arab Emirates," said Azerbaijani Deputy Economy Minister Sahil Babayev as he met with the top managers of Dubai Chamber of Commerce and Industry ...
Ukraine, Iran agree to launch test train running through Azerbaijan

Ukraine, Iran agree to launch test train running through Azerbaijan

20.04.2017 [18:18]
Ukraine and Iran have agreed to run test trains to transport agricultural products, primarily grain from Ukraine to Iran, that will pass through Georgia and Azerbaijan. According to Ukraine`s Ministry of Infrastructure, the test train may be launched this summer. “This is a very promising area of cooperation for both countries ...
Taxation reforms discussed at business forum in Baku

Taxation reforms discussed at business forum in Baku

20.04.2017 [12:18]
Key issues concerning changes in taxation have been discussed in Baku at the business forum organized by the Caspian European Club and Caspian American Club, and held with participation of Deputy Minister of Taxes of the Republic of Azerbaijan ...
Azeri Light oil price decreases on world markets

Azeri Light oil price decreases on world markets

20.04.2017 [12:16]
The price of oil changed in the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil increased $0.11 to stand at $50.55. Price of the Brent ...
OPEC chief sees oil producers near to re-balancing market

OPEC chief sees oil producers near to re-balancing market

19.04.2017 [20:09]
Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next month whether to extend its cuts in output beyond June, the group’s Secretary-General Mohammad Barkindo said, according to Bloomberg ...
Italian minster: TAP is important infrastructure supporting decarbonization

Italian minster: TAP is important infrastructure supporting decarbonization

19.04.2017 [11:25]
The Trans Adriatic Pipeline (TAP), which will transport Azerbaijani gas to Europe, is an important infrastructure supporting decarbonization, Italy’s Environment Minister Gian Luca Galletti stated ...
Azeri Light crude sells for $55.58

Azeri Light crude sells for $55.58

19.04.2017 [10:44]
On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.11 to stand at $52.30. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.16 to trade at $54.73 ...
6.2 bcm of gas transported via main pipelines in Azerbaijan in January- March

6.2 bcm of gas transported via main pipelines in Azerbaijan in January- March

19.04.2017 [10:17]
6.221.500.000 bcm of gas was transported via main pipelines in Azerbaijan in the first quarter of 2017. 30.4 per cent of transportation was carried out by the South Caucasus Pipeline (Baku-Tbilisi-Erzurum) and 1.889.700.000 bcm of oil was ...
Shahmar Movsumov: There will be no problems with the financing of Southern Gas Corridor project this year

Shahmar Movsumov: There will be no problems with the financing of Southern Gas Corridor project this year

18.04.2017 [22:11]
“There will not be any problems with the financing of the Southern Gas Corridor project this year,” Shahmar Movsumov, Executive Director of the State Oil Fund of Azerbaijan Republic (SOFAZ), has told a press conference. ...