Baku to host International Energy Charter Forum

19.10.2019 [15:03]
The International Energy Charter Forum on the theme of “Enabling Energy Transformation through Technology and Policy Innovations” will be held on October 23-24 in Baku, Azerbaijan. The Forum is jointly organized by the Ministry of Energy of Azerbaijan and the International ...

Azeri Light oil price reaches $64

19.10.2019 [13:37]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.70 to stand at $63.99 ...

Oil prices fall on world markets

19.10.2019 [12:25]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.49 to trade at $59.42, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased ...

® Discover possibilities of a new iPhone with Azercell

18.10.2019 [20:29]
“Azercell Telecom” LLC provides an opportunity to benefit from 6-months subscription to Unlimited Internet package for customers purchasing iPhone 11, iPhone 11 Pro and iPhone Pro Max. ...

SOFAZ sells Palazzo Turati in Milan

18.10.2019 [18:57]
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) announces the sale of Palazzo Turati in Milan, Italy for 112 mln Euros to the Invesco Real Estate Management Sarl. The asset is a stabilized, core, 10 360 sqm freehold, Grade-A office building in the center of Milan. The historical building was acquired in 2016 ...

Azerbaijan exports 20,9 million tons of crude in 8 months of 2019

18.10.2019 [17:44]
Azerbaijan exported 20,883,4 million tons of crude oil in the eight months of 2019, according to the State Statistics Committee. Official figures suggest that the total value of the exported oil made $9,708,116,2 ...

Azeri Light crude falls on world markets

18.10.2019 [11:45]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.32 to stand at $63.29 ...

Semi-submersible drilling rig named after Heydar Aliyev achieves good results in first well drilled

17.10.2019 [20:17]
The construction of the semi-submersible drilling rig of the 6th generation named after Heydar Aliyev, started in 2013 after decree of President Ilham Aliyev, who as well participated in its official opening on the Caspian Sea. The drilling rig has been ...

Azeri Light crude sells for $63.61

17.10.2019 [13:55]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.69 to stand at $63.61 ...

First direct railway container train launched from Baku to Europe

17.10.2019 [13:33]
Another container block train has been launched from Xi’an city of the People’s Republic of China heading west to Europe. A destination point of the train consisting of 42 containers is Prague, a capital city of the Czech Republic ...

SOCAR to issue new bonds

17.10.2019 [12:30]
Holders of SOCAR Bonds, having been issued in 2016 and offering new investment opportunities for the citizens, made an income of 1 250 000 USD once again during the 12th interest payment for SOCAR Bonds organized on October 17, 2019, and ...

President: I set a task for the government: we must reduce external public debt every year

17.10.2019 [12:25]
“Our external public debt is at a very low level – it accounts for only 17 percent of the gross domestic product. According to this indicator, we are in ninth place in the world. I should also note that some countries registering better results than ours are the ...

Oil prices fall on world markets

17.10.2019 [11:28]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.51 to trade at $58.93, while the price of ...

Caspian European Club holds general meeting

16.10.2019 [18:58]
On October 16, a general meeting of the top managers of the Caspian European Club member companies took place under the chairmanship of First Deputy Chairman and CEO of the Caspian European Club Telman Aliyev. Reports of the members of the board, heads ...

Buta Airways launches direct flights to Bahrain

16.10.2019 [18:42]
Azerbaijani low-cost airline Buta Airways launches flights to the new destination in the Middle East. As part of the winter schedule from 30 October 2019 to 28 March 2020, the airline will operate direct flights to Bahrain twice a week - on Wednesdays and Saturdays ...

8 million tons of cargo was transported from Turkic-speaking countries through Azerbaijan last year, President

16.10.2019 [13:14]
“The transport cooperation among our countries, historically located on the ancient Silk Road, is one of the important directions, of course. Azerbaijan is an active participant in the East-West transport corridor,” said President of Azerbaijan Ilham Aliyev as he addressed the 7th Summit of the Cooperation Council ...

President: We attach great importance to cooperation in the energy sector

16.10.2019 [13:02]
“We attach great importance to cooperation in the energy sector. Azerbaijan offers its opportunities in this area too. A portion of the energy resources of our partners from Central Asia is transported to world markets via Azerbaijan,” said President Ilham Aliyev as he addressed the ...

Azeri Light crude reaches $63

16.10.2019 [13:00]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.67 to stand at $62.92 ...

® Kapital Bank releases financial results for third quarter of 2019

16.10.2019 [12:47]
Kapital Bank’s assets as of October 1, 2019 have amounted to 4 bln. manats, while the volume of the Bank’s credit portfolio has reached 1.7 bln. manats. The total amount of client deposits in Kapital Bank as of October 1, 2019 have amounted to 3.2 billion manats ...