CEMENT PRICES IN AZERBAIJAN TO BE REDUCED VERY SOON

25.07.2003 [14:55]
Cement prices are expected to be reduced in Azerbaijan very soon. This information was disclosed to reporters by the Economic Development Minister Farhad Aliyev.
Mr Aliyev said that during negotiations ...

MAERSK CONTRACTORS AND EXXON AZERBAIJAN OPERATING COMPANY INAUGURATE ‘ LIDER’ DEEPWATER DRILLING RIG

24.07.2003 [20:39]
Today, Maersk Contractors, Denmark and Exxon Azerbaijan Operating Company LLC inaugurated a new build semi-submersible rig in Baku, Azerbaijan. The rig was named ‘ Lider’.

In February 2001, Maersk Contractors, Exxon ...

“AZERSUN” FOLDING BOLSTERS UNIVERSITIES

24.07.2003 [19:07]
Since the very beginning of its activity, “Azersun Holding” has been closely co-operating with the appropriate higher educational institutions in Azerbaijan.
According to the Company, graduates of the State Oil ...

EBRD DOUBLED CREDIT LINE OF ‘UNIBANK’ FOR SMALL AND MEDIUM BUSINESS

24.07.2003 [17:22]
European Bank for Reconstruction and Development has doubled the credit line of “Unibank” up to $3 million for financing projects of small and medium business.
The Bank reports that $1,5 ...

MOBILE COMMUNICATION WITH NORTH AMERICA ESTABLISHED

24.07.2003 [12:12]
Mobile communication leader in Azerbaijan Azercell Telecom JV, having signed bilateral roaming agreements with Canadian and Mexican operators, widened the opportunities of its subscribers in the sphere of international ...

AZERBAIJAN AND IRAN WIDEN ENERGY COOPERATION

23.07.2003 [20:25]
The newly constructed trans-Azerbaijan PTL (power transmission line) Astara (Azerbaijan)-Astara (Iran) will be extended up to Azerbaijani cities of Salyan and Alibayramli. The line will be extended in the ...

BP AZERBAIJAN RELEASES FIRST HALF YEAR RESULTS

23.07.2003 [17:20]
During the first half of this year the AIOC spent for all of its projects and current operations USD39 million in operation expenses against the planned USD100 million for 2003, ...

AZERBAIJAN, TURKEY, GEORGIA TO SIGN BAKU-TBILISI-CEYHAN SAFETY PROTOCOL

23.07.2003 [16:30]
The governments of Azerbaijan, Turkey and Georgia are to sign a protocol ensuring the security of the Baku- Tbilisi-Ceyhan pipeline, Natig Aliyev, president of the State Oil Company of the ...

COST OF PHASE-3 OF AZERI-CHIRAG-GUNASHLI TO BE 20%-30% HIGHER THAN PHASE-1

23.07.2003 [16:29]
The cost of implementing Phase-3 of the development of the Azeri-Chirag-Gunashli fields, which involves the development of the deep-water section of the Gunashli field, will be 20%-30% more than ...

PLATFORM FOR ‘SHAHDENIZ’ INSTALLED IN SINGAPORE

23.07.2003 [12:29]
Offshore platform for gas field ‘ Shahdeniz’ is installed in Singapore.
Keppel Fels has cut its first piece of steel signifying the start of the fast-track fabrication on the ...

TUTORIAL COUNCIL OF INVESTMENTS PROMOTION AND CONSULTATION FUND ESTABLISHED

23.07.2003 [12:24]
Constituent Assembly of the Tutorial Council of the Fund of Promotion and Consultation of Investments in Azerbaijan (FPCIA) was held at the Hyatt Regency-Nakhchivan Hotel on July 22.
Members ...

IEGF GUARANTEES ASTARA-BAKU PROJECT

22.07.2003 [21:43]
The Government of Iran requested of Iranian Export Guarantee Fund to provide guarantee for financing Astara-Baku highway construction, whose project cost is $ 40 million, IRNA reports.
According to the ...

TENDERS TO BE ANNOUNCED IN FALL 2003

22.07.2003 [21:43]
Tender procedures in the framework of the program of rehabilitation of electric-power transmission system in Azerbaijan, which is credited by German KFW bank, will be launched on September-October 2003. ...

INCREASED LENDING TO UNIBANK FOR AZERI SMEs

22.07.2003 [19:59]
An EBRD credit line to Unibank in Azerbaijan will double in size following a $1.5 million contribution from the International Co-operation and Development Fund of Taipei China.
The ...

FIRST REGIONAL BRANCH OF ATABANK OPENED IN KHACHMAZ

22.07.2003 [19:57]
The first regional branch “Atabank” has opened in Khachmaz province of Azerbaijan. It is expected to render services to the Northern regions of Azerbaijan. At the opening ceremony, Chairman ...

WB BOLSTERS PENSION REFORMS IN AZERBAIJAN

22.07.2003 [17:00]
World Bank renders assistance to modernize pension system of Azerbaijan.
According to the WB office in Azerbaijan, WB has already allocated relevant grants to support pension sector in Azerbaijan. ...

ENERGY TURNOVER BETWEEN AZERBAIJAN AND IRAN EXCEEDED 3 BLN KWH

22.07.2003 [13:39]
Energy turnover, implemented since 1991 between Azerbaijan and Iran, exceeded 3 billon kWh.
As AzerTAj correspondent was informed in the press service of “Azerenerji” SC, 90% of this energy is ...

REVENUES OF THE STATE OIL FUND OF AZERBAIJAN FOR THE FIRST HALF OF 2003 AMOUNTED 1142.8, WHILE EXPENSES - 687.5 BILLION MANATS

22.07.2003 [12:27]
As AzerTAj was informed from the State Oil Fund of the Azerbaijan Republic, the revenue for first half year amounted 1142.8, while expenses - 687.5 billion manats.
For the last ...

UN’S NEW AGRICULTURAL PROJECTS

22.07.2003 [11:17]
The UN Food and Agricultural Organization (FAO) jointly with the specialists of Azerbaijan Republic are successfully introducing new projects in numerous different branches of agriculture.
According to the official representative ...