Global additions of renewable power capacity are expected to jump by a third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power, according to the latest update from the International Energy Agency ...

An unusual flash mob was held at Heydar Aliyev International Airport on the occasion of the 85th anniversary of Azerbaijan Civil Aviation. On this significant day for civil aviation, passengers were presented with a special surprise - beautiful music and summer mood, AZAL told AZERTAC ...

Fuad Humbatov, Deputy Secretary General of the National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan (ASK) has met with Archibald Schubert, Co-chairman of the Azerbaijan-Hungarian Business Council from Hungary, Group E&P ...

The Azerbaijani oil price has increased in the world markets. The price of a barrel of Azeri Light crude oil rose $1.51 to trade at $78.14. ...

Oil prices have jumped in the world markets. The London ICE (InterContinental Exchange Futures) saw the Brent crude oil rise $1.85 to trade at $76.13, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $1.64 to stand ...

Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Prime Minister of Georgia Irakli Garibashvili. During the meeting held at the Georgian Government Administration, the pair hailed the positive dynamics of economic cooperation, discussing key areas of strategic ...

As part of the Georgia-Azerbaijan business forum held in Tbilisi to mark the 100th anniversary of Great Leader Heydar Aliyev, Azerbaijan and Georgia have inked Memorandums of Understanding on cooperation ...

Azerbaijan’s Economy Minister Mikayil Jabbarov has met with bp Executive Vice President for Production and Operations Gordon Birrell who is visiting Azerbaijan to participate in the Baku Energy Week ...

Fitch Ratings-London-01 June 2023: Global trade is now slowing sharply after a rapid post-pandemic recovery in 2021 and 2022, Fitch Ratings says in a new report, according to Fitch Ratings Monetary tightening, fading fiscal support and service sector reopening ...

The Azeri-Chirag-Gunashli (ACG) oil and gas fields have produced 573 million tons oil since its commissioning till 1 May 2023, said First Vice-President of Azerbaijan`s State Oil Company (SOCAR) Khoshbakht Yusifzade as he addressed the Baku Energy Forum on June 2 ...

Prime Minister of the Republic of Azerbaijan Ali Asadov has met with bp Executive Vice President for Production and Operations Gordon Birrell and Regional President for Azerbaijan, Georgia and Türkiye Gary Jones ...

Azerbaijan’s Shah Deniz gas and condensate field produced 192 billion cubic meters of gas and 41 million metric tons of condensate, until May 1 of 2022, First Vice-President of Azerbaijan`s State Oil Company SOCAR Khoshbakht Yusifzade said at the Baku Energy Forum, on June ...

Azerbaijan’s first digital bank, Birbank, offers a free Birbank Cashback debit card, which gives its holders many benefits. Owners of this card have the opportunity to get various bonuses for transactions. Heavy users of Birbank Cashback debit card have earned an average of AZN 42 on bonuses in May this year ...

The 28th Baku Energy Forum, as the largest event of the Caspian region, has started today at the Baku Congress Center. The forum attended by more than 600 representatives discussed new challenges to energy in the transition period, including Europe's global energy security and the role of Azerbaijan's energy sector ...

Baku Shipyard LLC, a resident of Garadagh Industrial Park, Baku International Sea Trade Port JSC and Damen Shipyards Gorinchem B.V. of the Netherlands have signed an agreement on tripartite cooperation ...

Azerbaijan's Economy Minister Mikayil Jabbarov has met with John Lee, Vice-President of Envision Energy. Mikayil Jabbarov hailed the development of cooperative relations with Chinese businesses, provided information about the business climate and the opportunities created for ...

Azerbaijan’s Economy Minister Mikayil Jabbarov has met with Romanian Minister of Energy Virgil-Daniel Popescu. Minister Mikayil Jabbarov stressed the successful development of relations with Romania, the importance of mutual visits and meetings in expanding cooperation ...

“Absheron, Karabakh, Umid (Stage II), Babek, Azeri-Chirag-Deepwater Gunashli (ACG) and green energy projects are listed as important sources to provide additional gas, said Azerbaijan’s Minister of Energy Pafrviz Shahbazov as he addressed the 28th Baku Energy Forum ...