Azerbaijani oil sells for more than $128

11.06.2022 [10:43]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $2.22 to trade at $128.93 ...

Azerbaijan’s Minister of Digital Development and Transport meets with Vice-Chair of European Parliament Committee

11.06.2022 [10:40]
Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev has met with Member of the European Parliament, Vice-Chair of the Committee on Transport and Tourism Andris Ameriks. During the meeting, the sides hailed the dynamic development of relations between Azerbaijan and the European Union ...

Azerbaijan produces 13.9 million tons of oil in five months

10.06.2022 [20:47]
According to the operative data, Azerbaijan produced 13.9 million tons of oil (including condensate) in January-May 2022, the Ministry of Energy told AZERTAC. Azeri-Chirag-Gunashli accounted for 8.8 million tons of oil produced in the republic while Shah Deniz for 1.9 million tons (condensate). ...

Gas production in Azerbaijan increased by more than 15 percent

10.06.2022 [19:51]
“According to the operative data, Azerbaijan transported 11.4 out of 13.9 million tons of oil for export in January-May 2022,” said Energy Minister Parviz Shahbazov.“9.4 out of 19.6 bcm gas produced with an increase of 15.3% in comparison with the same period last year ...

Cabinet of Ministers discusses expansion of Azerbaijan's transit opportunities

10.06.2022 [13:13]
Chaired by Prime Minister of Azerbaijan Ali Asadov, a meeting on the development of the country's existing transit opportunities has been held at the Cabinet of Ministers. According to the Cabinet of Ministers, the event participants included persons in charge of the field ...

Azerbaijan joins ITU World Telecommunication Development Conference

09.06.2022 [20:52]
The World Telecommunication Development Conference of the International Telecommunication Union (ITU) has kicked off in Kigali, Rwanda. Azerbaijan is represented at the conference by a delegation led by Deputy Minister of Digital Development and Transport ...

Italian news portal highlights Baku Energy Week

09.06.2022 [20:45]
Italian news portal InsideOver has posted an article on the Baku Energy Week. “Azerbaijan's importance in the world energy market has increased over the years, and the TAP natural gas pipeline is the highest ...

Central Bank: 33.4m worth of demand fully covered at FX auction

09.06.2022 [18:17]
The foreign exchange (FX) auction was held at the Central Bank with the participation of the State Oil Fund on June 9. $33.4m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000. ...

Oil prices drop on world markets

09.06.2022 [12:26]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.05 to trade at $123.53, while the price of the Light crude oil at the NYMEX ...

Azerbaijani oil price exceeds $130

09.06.2022 [11:15]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.08 to trade at $130.02 ...

Central Bank: $18.2m worth of demand fully covered at FX auction

08.06.2022 [16:25]
The foreign exchange (FX) auction was held at the Central Bank with the participation of the State Oil Fund on June 7. $18.2m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000 ...

Azerbaijan, Czech Republic discuss energy cooperation

08.06.2022 [16:22]
Azerbaijani Energy Minister Parviz Shahbazov has met with Czech Ambassador to Azerbaijan Milan Ekert as he ends his diplomatic mission in the country. The sides discussed energy cooperation between the two countries, including those arising from the agreement between the Ministry of Energy of Azerbaijan and the Ministry ...

bp and its co-venturers’ new social investment project that promotes inclusive education completed

08.06.2022 [15:13]
bp and its co-venturers’ new social investment project that promotes inclusive education has been completed. The project helps create an inclusive educational environment and achieve a behavioural change at high schools by increasing awareness while supporting social integration ...

Oil prices jump on world markets

08.06.2022 [13:25]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.45 to trade at $121. 02 while the price of the Light crude oil at the NYMEX ...

Azerbaijani oil price nears $128

08.06.2022 [11:01]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.81 to trade at $127.94 ...

GECF Secretary General: Under the vision of President Ilham Aliyev, Azerbaijan is writing a new chapter of economic growth driven by a rich energy portfolio”

08.06.2022 [10:41]
Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel has been interviewed by the Azerbaijan State News Agency (AZERTAC) on the sidelines of the 27th Baku Energy Forum. AZERTAC presents the interview ...

Innovation & Digital Development Agency, ABB Innovation Centre launch another collaboration

07.06.2022 [19:43]
Registration has begun for the 3rd ABB Hackathon as part of the Technest educational programme, the Ministry of Digital Development and Transport told AZERTAC. Registration for the 3rd ABB Hackathon has been launched as part of the partnership between Innovation ...

Cabinet of Ministers amends resolution on provision of benefits to persons flying on Baku-Nakhchivan and Nakhchivan-Baku routes

07.06.2022 [16:53]
On June 6, the Cabinet of Ministers of the Republic of Azerbaijan amended the Resolution No. 210 dated December 27, 2007 “On the Provision of Benefits to Persons Flying on the Baku-Nakhchivan and Nakhchivan-Baku Routes” The amount ...

Azerbaijani oil price exceeds $127

07.06.2022 [12:32]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.2 to trade at $127.13 ...