Azerbaijan, Afghanistan explore prospects for transport and ICT cooperation

17.07.2019 [10:08]
Azerbaijan’s Minister of Transport, Communications and High Technologies Ramin Guluzade has met with Minister of Finance, Afghan President`s Chief Adviser Mohammad Humayon Qayoumi to discuss the ways of developing cooperation between the two ...

Brent crude oil sells for $66.50

16.07.2019 [12:49]
On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.02 to trade at $66.50. The price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.04 to stand at $59.54 ...

SOCAR, ENOC discuss investment opportunities

16.07.2019 [11:20]
President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has met with a delegation led by Vice Chairman of Emirates National Oil Company ENOC Sheikh Saeed Mohammed Al Tayer to discuss opportunities for investment ...

Azerbaijani oil sells for $68.75

16.07.2019 [10:50]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.05 to stand at $68.75 ...

Azpetrol becomes partner of Caspian Energy Forum Baku – 2019

15.07.2019 [14:58]
Azpetrol ltd LLC has become a partner of the 9th International Caspian Energy Forum Baku – 2019 which will be held at Azerbaijan’s capital on September 19. The 9th International Caspian Energy Forum Baku – 2019 is dedicated to the 25th ...

® Join “CavanNar” tariff and get 10 GB of internet!

15.07.2019 [13:56]
Number of subscribers using “CavanNar”, which is considered as one of the beneficial tariffs for internet users on mobile communication market of Azerbaijan, grows rapidly. Thus, number of users of “CavanNar”, which provides a possibility to use ...

® GULF AIR appoints PASHA Travel to GSA role in Azerbaijan

15.07.2019 [12:07]
The national carrier of the Kingdom of Bahrain, Gulf Air has appointed PASHA Travel, one of the leading Travel Management Companies in Azerbaijan, as its GSA representative in Azerbaijan. With this alliance, Gulf Air plans to introduce a robust ...

® Kapital Bank releases results for Q 2 of 2019

15.07.2019 [10:53]
Kapital Bank has released financial results for the second quarter of 2019. Kapital Bank’s assets as of July 1, 2019 have amounted to 3.6 billion manats, while the volume of the Bank’s credit portfolio has ...

Oil prices decrease on world markets

15.07.2019 [10:42]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.16 to trade at $66.56 while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.27 to stand at $59.94 ...

Azerbaijani oil sells for $68.7

13.07.2019 [17:59]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.13 to stand at $68.70 ...

Kuwait Airways to start Al-Kuwait-Baku-Al Kuwait flights

13.07.2019 [16:15]
Kuwait Airways will launch Al-Kuwait-Baku-Al Kuwait flights starting from August 1. The flights will be carried out twice a week – on Thursdays and Sundays by Airbus A320-100/200 airplanes. The minimum fare for the flight will cost AZN 285 (one way) ...

Shah Deniz 2 project receives RAEng Major Project Award 2019

13.07.2019 [14:40]
The team behind the BP’s Shah Deniz 2 project have been awarded the Royal Academy of Engineering’s 2019 Major Project Award for their collaboration to deliver this complex major offshore, onshore and pipeline gas development project. The award was presented ...

Oil prices jump on world markets

13.07.2019 [11:04]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.20 to trade at $66.72 while the price of ...

Negotiations between Azerbaijan and World Trade Organization underway

13.07.2019 [10:44]
“Azerbaijan enjoys successful cooperation and is interested in expanding ties with the World Trade Organization (WTO). The Azerbaijani government is currently conducting negotiations with nearly 20 WTO member countries,” Deputy Foreign Minister Mahmud Mammadguliyev has told journalists ...

Grant Thornton to prepare consolidated Extractive Industries Transparency reports covering 2018-2019

13.07.2019 [10:26]
The Extractive Industries Transparency Commission (EITC) has held its next meeting at the State Oil Fund of the Republic of Azerbaijan (SOFAZ) with the participation of representatives of civil society, local and foreign extractive companies operating in Azerbaijan and international organizations ...

Oil production in OPEC countries dropped most in Iran and Iraq last month

12.07.2019 [15:24]
In June, crude oil production in the Organization of Petroleum Exporting Countries (OPEC) fell by 90,000 barrels stand at 29 million 910,000 barrels per day. According to the monthly report of the International Energy Agency (IEA) on the oil market, in June, the total production of OPEC was 35 million 480 thousand barrels per day ...

IEA: Global oil production tops 100 million barrels in June

12.07.2019 [15:23]
Global oil supply increased by 300 thousand barrels per day to 100.28 million barrels per day (mbpd), topping the 100 mb/d mark for the first time since January, according to data from the International Energy Agency (IEA), Anadolu Agency reports ...

SOCAR, China’s Silk Road Fund discuss cooperation prospects

12.07.2019 [14:41]
President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has met with a delegation led by Chairman of Board of Supervisors of China’s Silk Road Fund Yang Zejun. Rovnag Abdullayev hailed the huge investment opportunities of the Silk Road Fund of China, stressing that it can contribute to ...