The Azerbaijani oil price has decreased in the world markets. The price of a barrel of Azeri Light crude oil fell $0.98 to trade at $86.72. ...

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.48 to trade at $85.86, while the price of the Light crude oil at the ...

Azercell continues its support to the earthquake victims in Türkiye. The company has sent 3 humanitarian aid trucks containing generators and other vital supplies to help those affected by the disaster ...

The International Air Transport Association (IATA) and “Azeraeronavigation” Air Traffic Department (AZANS) of AZAL CJSC have started joint work on the development and implementation of the National Airspace Strategy (NAS) of Azerbaijan ...

“Azerbaijan Investment Company and Azersheker LLC have signed a Memorandum of Understanding on exploring joint investment opportunities for the malted barley processing project for beer production,” Minister of Economy Mikayil Jabbarov said on Twitter ...

“Within the framework of the cooperation with the OurCrowd Company, Azerbaijan Investment Company OJSC has invested $1 million in a technological startup for the very first time,” Azerbaijan’s Economy Minister Mikayil Jabbarov said on Twitter ...

Azerbaijan exported about 21 thousand tons of petroleum coke in the amount of $8,532,100 last year, according to the State Customs Committee. The export in January last year was nearly 3 thousand tons of petroleum coke worth $413,300 ...

Azerbaijan exported 255.6 million cubic meters of natural gas in January. According to the State Statistical Committee, the value of exported natural gas amounted to 140 million US dollars ...

Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan Orkhan Mammadov has met with Amedeo Teti, head of foreign investment attraction of the Ministry for Business and Made in Italy ...

“In January 2023, the daily oil production (including condensate) in Azerbaijan totaled to 652,000 barrels, including 533,000 barrels’ crude oil and 119,000 barrels’ condensate,” the Ministry of Energy told AZERTAC. According to the new commitments of the participating countries of the Declaration of Cooperation ...

“AzerBlast” Limited Liability Company (LLC), “AzerGold” CJSC’s subsidiary company, launched the construction of manufacturing plant which will produce explosives for industrial use. In line with state policy on the socio-economic development of the regions ...

OPEC has raised its 2023 global oil demand growth forecast in its first upward revision for months, due to China's relaxation of COVID-19 restrictions, and trimmed supply forecasts for Russia and other non-OPEC producers, pointing to a tighter market, according to Reuters ...

A regional dialogue event Decarbonising Transport in Azerbaijan was held as a follow-up to the project Decarbonising Transport in Azerbaijan in 2019–2022, implemented jointly by the Ministry of Digital Development and Transport and the International Transport ...

The world markets have seen a decline in oil prices. The Brent crude oil price on the London ICE (InterContinental Exchange Futures) fell $0.76 to trade at $84.82, while the price of the ...

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.74 to trade at $87.7 ...

The Uzbekistan’s delegation led by Deputy Minister of Transport Abdusamat Muminov has held a meeting at the Baku Port. The meeting saw discussions on expansion of Baku Port’s cooperation with the dry ports and logistics companies ...

Azerbaijan and Uzbekistan have discussed joint steps to increase the volume and speed of cargo transportation within CASCA + multimodal transport route created on the basis of the international multimodal route “Azerbaijan-Georgia-Kyrgyzstan-Turkmenistan-Turkiye-Uzbekistan), and the Trans-Caspian International Transport Corridor ...

The foreign exchange (FX) auction was held at the Central Bank on February 14. $53.1m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000. ...

For centuries, Azerbaijan’s cultural heritage has been represented by the nation’s historical past and unique culture and today, it enriches the honour list of UNESCO’s world masterpieces. bp has been closely involved with Azerbaijan’s rich cultural legacy since the early days of its presence here ...