• OPEC's Secretary General Mohammad Barkindo has died at the age of 63, Mele Kyari, the chief executive of Nigerian National Petroleum Corporation (NNPC) said Wednesday, according to DW. "We lost our esteemed Dr. Mohammad Sanusi Barkindo," Kyari said on Twitter ...
  • Azerbaijan`s Minister of Digital Development and Transport Rashad Nabiyev held a number of bilateral meetings during his working visit to Israel. During the visit, an agreement on air transport was signed between the Ministry of Digital Development and Transport of the Republic of Azerbaijan and the Ministry of Transport and Road Safety of Israel ...
  • The 24th annual meeting of the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) was held in Baku on June 23. Opening the meeting, Finance Minister, Chairperson for the Republic of Azerbaijan of the BSTDB Samir Sharifov said that the Black Sea Trade and Development Bank ...
  • According to the ranking "Significant Ship 2021" published by the British Royal Institution of Naval Architects (RINA), the Ro-Pax type ferry vessel “Azerbaijan” owned by “Azerbaijan Caspian Shipping” CJSC (ASCO) was included in the ranking list of the top 50 vessels of the world ...
  • Continuing to develop its route network, Azerbaijan Airlines will launch flights from Baku to the Georgian capital Tbilisi in July. The Baku-Tbilisi-Baku flights will be operated three times a week, on Mondays, Tuesdays and Fridays. The first flight will be operated on 1 ...

ODESSA-BRODY: TO BE OR NOT TO BE

02.01.2004 [12:20]
Ukraine again had to postpone a decision on whether the pipeline should pump Caspian Sea crude to Europe or to move Russian oil to a Black Sea oil terminal for ...

AZERBAIJAN FOREIGN TRADE OVERVIEW

30.12.2003 [18:56]
According to the State Customs Committee, the foreign trade of Azerbaijan has totaled $4 billion 480 million for January-November.
Approximately, goods valued at $2 billion 163 million have been imported, ...

STATE PROGRAM DRAFT ON COMPREHENSIVE ACTINS IN ENERGY SECTOR DEVELOPED

30.12.2003 [14:04]
The Ministry of Fuel and Energy of Azerbaijan has developed a State Comprehensive Actions Program draft in energy sector for 2004-2008 and until 2013.
The program was developed in accordance ...

TENDERS AT BICEX

29.12.2003 [21:27]
Weighted average exchange prices made up 4924 manat for 1 US dollar in Baku Interbank Currency Exchange on December 29.
In the morning, the volume of deals closed by two ...

PETROCHEM GROUP GOES FOR ISO CERTIFICATION IN COOPERATION WITH BUSINESS ADVISORY SERVICES PROGRAM

29.12.2003 [15:04]
According to Enterprise Centre of BP-Azerbaijan Petrochem Group’s management made a decision to prepare the company for ISO 9001-2000 certification to enhance the management and quality controls within the ...

EBRD AND AZERIGASBANK SUPPORT TRADE IN AZERBAIJAN

29.12.2003 [15:03]
Local businesses in Azerbaijan will have more opportunities to promote their goods through trade following a $1 million trade finance line from the EBRD to Azerigasbank.
The finance is ...

KAZAKHSTAN SEEKS CASPIAN OIL CARTEL

29.12.2003 [11:59]
The nations surrounding the Caspian Sea should create an OPEC-like oil cartel to help support global prices and reassure OPEC itself, Kazakh President Nursultan Nazarbayev said in interviews published on ...

WORKSHOP HELD IN NATIONAL BANK

27.12.2003 [22:03]
A workshop entitled “Problems with Transformation of Business Accounting in Commercial banks into International Financial Reporting Standards” took place in the National Bank.
According to the National Bank’s press service, ...

TENDERS AT BICEX

27.12.2003 [13:35]
Weighted average exchange prices made up 4924 manat for 1 US dollar in Baku Interbank Currency Exchange on December 26.
In the morning, the volume of deals closed by two ...

INT’L SCIENTIFIC CONFERENCE HELD

27.12.2003 [13:32]
An International conference on the topic “Economic reforms in Azerbaijan Republic: “preliminary results, problems and perspectives”, organized by the Department on Development of Entrepreneurship of the Ministry of Economic Development ...

INFLATION IN ARMENIA EXCEEDED FORECASTS THREE TIMES

26.12.2003 [19:29]
Inflation in Armenia by late 2003 made up 8,8 percent instead of forecasted 3 percent, the Arminfo agency reported quoting chairman of the Central Bank of Armenia Tigran Sargsian as ...

DEVELOPMENT OF TOBACCO-CULTIVATION IN SPOTLIGHT

26.12.2003 [19:28]
A meeting dedicated to results of work implemented towards creation the base of the high-quality tobacco raw materials, determination of the activity directions for the next year.
As it was ...

TENDERS AT BICEX

26.12.2003 [12:54]
Weighted average exchange prices made up 4923,79 manat for 1 US dollar in Baku Interbank Currency Exchange on December 25.
In the morning, the volume of deals closed by two ...

TURKEY - GREECE SIGNED AGREEMENT ON GAS PIPELINE CONSTRUCTION

25.12.2003 [21:23]
Minister for Energy and Natural Resources of Turkey Khilmi Guler and Minister for Development of Greece Atanasios Tsokhadzopulos signed agreement on construction of gas pipeline with length 285 km, which ...

TRANSIT FEES NOT A PROBLEM

25.12.2003 [19:29]
Transit fees via the Baku Tbilisi-Ceyhan pipeline are expected to vary between $28 and 32 a ton. "Karazhanbasmunay Open Joint Stock Company (JSC) is planning to export 50% of oil ...

PIPELINE GETS FUNDING

25.12.2003 [19:25]
A syndicate of international commercial banks is to provide 1.2bn dollars for the Baku-Tbilisi-Ceyhan oil pipeline project, the press service of BP Azerbaijan has told AzerTaj.
The press service ...

TENDERS AT BICEX

25.12.2003 [14:11]
Weighted average exchange prices made up 4921,26 manat for 1 US dollar in Baku Interbank Currency Exchange on December 24.
In the morning, the volume of deals closed by two ...

U.S. CONGRATULATES GREECE, TURKEY ON GAS PIPELINE AGREEMENT

25.12.2003 [12:50]
"The United States congratulates the governments of Turkey and Greece for the agreement signed December 23, 2003, in Ankara to build a natural gas pipeline connecting the two countries," said ...

AZERBAIJANI ENTREPRENEURS ATTENDED INTERNATIONAL EXHIBITION

24.12.2003 [17:48]
Recently, the ninth International Trade Exhibition under the motto “Ipek yolu-2003” was held in Trabzon, Turkey. Textile, building materials, furniture, and food production of numerous countries of world were exhibited. ...