TENDERS AT BICEX

21.08.2003 [18:56]
According to results of tenders held in currency section of the Baku Inter-bank Currency Exchange (BICEX), the average weighted exchange rate of USD/AZM on August 20 valued at 4916 manat ...

LOCALS ARE LARGEST GROUP EXPECTED AT BTC PIPELINE MEETINGS

21.08.2003 [17:16]
In accordance with EBRD press-release, local people living along the route of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, local officials and local interest groups are expected to form the bulk ...

SEMPRA TO BUY 140,000 TONNES OF AZERBAIJANI OIL

21.08.2003 [17:16]
According to the State Oil Company of the Azerbaijan Republic (SOCAR), the U.S. company Sempra has won a tender to buy 140,000 tonnes of oil from the September consignment ...

NEW DRAFT LAW ‘ON BANKS’ MEETS INTERNATIONAL STANDARD

21.08.2003 [17:15]
The Milli Majlis Standing Commission for Economic Policy conducted August 20 its regular sitting to discuss the Commission’s working plan for autumn session and the draft Law ‘On Banks.’
Chairman ...

WHY DOES CEMENT PRICES GO UP?

21.08.2003 [15:48]
Social and political stability in Azerbaijan has created good opportunities for development of all branches of the country’s economy including large-scale expansion of repair and assembling works.
Today, a plenty ...

CONFERENCE ON LEGISLATIVE REGULATION OF THE KAZAKHSTANI SECTOR OF THE CASPIAN SEA TO BE HELD IN ALMATY

21.08.2003 [12:17]
According to the “ Kazakhstan Today”, from 21-23 August at the Kazakh University Academy there will be an international scientific and practical conference dedicated to the legislative regulation and ...

REPAIR WORK AT AZGRES COMPLETE BY 60%

21.08.2003 [12:17]
Repair work still continues at the Azerbaijani GRES (electricity power station) as part of the maintenance work ahead of the next winter season 2003/2004. According to the press service ...

ADVANCE BORING OF WELLS IN WESTERN PART OF AZERI COMPLETED

21.08.2003 [12:16]
Advance boring work on the western part of Azeri as part of the stage-2 project from the recently installed template has been completed. According to the Baku office of ...

“EUPEC/AZPETROL” TO BE INVOLVED IN BTC PROJECT

20.08.2003 [23:11]
German-Azerbaijani Company “EUPEC/AZPETROL” is expected to join the Baku-Tbilisi-Ceyhan pipeline constriction project soon.
The joint venture has already concreted 700 m 2 of pipeline on the “Phase-1” stage of “Azeri” ...

UKRANIAN COMPANY TO REPAY ITS DEBTS TO SOCAR

20.08.2003 [22:11]
State Joint Stock Company “Ukrresurs”will have repaid its debt for the diesel oil to the State Oil Company of Azerbaijan Republic before October 2003.
According to the Embassy of Ukaraine ...

MISSION OF JAPANESE INTERNATIONAL BANK NEGOTIATES IN AZENERGY

20.08.2003 [18:44]
A delegation of the Japanese Bank for International Cooperation (JBIC) is on visit to Baku to carry out a research related to the project “Study of real state of energetic ...

ISLAMIC DEVELOPMENT BANK ALLOCATED INTEREST-FREE CREDIT

20.08.2003 [18:06]
For implementation of the project ‘Elimination of Earthquake After-effects’, Islamic Development Bank has allocated 9 mln interest-free credit to Azerbaijan.
Director of the Agency for Restoration and Reconstruction of the ...

MOST SERIOUS AND EXPENSIVE OIL PROJECT IN THE WORLD

20.08.2003 [17:33]
This is the title of an article in the Financial Times Deutschland telling on importance of the main export pipeline Baku-Tbilisi-Ceyhan.
Construction of strategically significant Baku-Ceyhan pipeline has recently started ...

JUBILEE OF GAS INDUSTRY CELEBRATED IN SUMGAIT

20.08.2003 [17:07]
A scientific conference held in Sumgait was dedicated to the 80th anniversary of creation of gas industry of Azerbaijan.
Director of science-research institute Gasproject Eldar Aliyev, deputy of executive authorities ...

JUBILEE OF GAS INDUSTRY CELEBRATED IN SUMGAIT

20.08.2003 [16:10]
A scientific conference held in Sumgait was dedicated to the 80th anniversary of creation of gas industry of Azerbaijan.
Director of science-research institute Gasproject Eldar Aliyev, deputy of executive authorities ...

OIL REFINERY PLANT CELEBRATES SEMI-CENTENNIAL ANIIVERSARY

20.08.2003 [14:00]
The oil refinery "Azerneftyanadzhag" is celebrating its 50-th anniversary this year. According to SOCAR, since its existence this plant has refined over 280 million tonnes of crude oil. Currently ...

FIRST PRE-DRILLING WELL ON SHAH DENIZ GAS CONDENSATE DEPOSIT TO BE DRILLED TO DEPTH OF 6500 METRES

20.08.2003 [13:52]
The depth of the first of three pre-drilling wells that will be made within the stage 1 programme for pre-drilling work on the Shah Deniz gas field would reach ...

TENDERS AT BICEX

19.08.2003 [19:29]
According to results of tenders held in currency section of the Baku Inter-bank Currency Exchange (BICEX), the average weighted exchange rate of USD/AZM on August 11 valued 4915 manat for ...

LABOR FAIRS THROUGHT REPUBLIC

19.08.2003 [19:27]
Labor fairs arranged by Main Employment Department of the Ministry of Labor and Social Security of Population are important measure to provide job seeking and jobless citizens with social ...