Russian minister of economic development to visit Baku in April

03.03.2018 [13:49]
Russian Minister of Economic Development Maxim Oreshkin will visit Baku in April, according to the Russian media. The minister hailed Russian-Azerbaijani trade and economic relations. “We have created a special group, which promotes ...

9th session of Austrian-Azerbaijani Joint Commission held in Vienna

03.03.2018 [11:30]
The 9th session of the Austrian-Azerbaijani Joint Commission for Economic, Agricultural, Industrial, Technical and Technological Cooperation was held in Vienna. Azerbaijan`s Minister of Transport, Communications and High Technologies Ramin Guluzade and Deputy Federal Minister ...

Jahangir Asgarov: Opening of Baku-Abu Dhabi flights will allow Azerbaijani citizens to further expand geography of flights

02.03.2018 [18:09]
According to the agreement between the national air carriers of Azerbaijan and the UAE – AZAL and Etihad Airways – joint flights are launched on the route Abu Dhabi (AUH) - Baku (GYD) - Abu Dhabi (AUH) for the first time. The flights will be carried out weekly ...

Baku hosts first Azerbaijan International Franchise Forum

02.03.2018 [16:59]
The 1st Azerbaijan International Franchise Forum, Caspian Franchise Forum 2018 has today been held in Baku. It is the only business platform for buying and selling franchises in the country. Caspian Franchise Forum is a new event in the calendar ...

Caspian Energy Forum Tbilisi – 2018 to be held on April 18

02.03.2018 [16:03]
Caspian Energy Georgia will organize the 5th International Caspian Energy Forum Tbilisi – 2018 on April 18. A large number of participants representing the European, American and Asian continents are expected to attend the forum ...

Baku Media Center hosts event for Italian Design Day

02.03.2018 [15:43]
An event for Italian Design Day has been held at the Baku Media Center. The event was jointly organized by the Embassy of Italy in Azerbaijan and the Italian Trade Agency. The event was attended by Italian Ambassador to Azerbaijan Augusto Massari, representatives ...

Oil price decreased on world markets

02.03.2018 [10:43]
Oil prices have changed in different directions in the world markets. Price of a barrel of Azeri Light crude oil decreased $1.63 to stand at $64.98. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.08 to trade ...

Azerbaijan, Iran mull future railways connection

02.03.2018 [10:32]
Azerbaijan fulfilled all commitments undertaken as part of the International North-South Transport Corridor project’s implementation, Javid Gurbanov, chairman of the Azerbaijan Railways CJSC, said. He made the remarks at a meeting with deputy minister of roads and ...

Austrian Federal Minister for Transport, Innovation and Technology: Austria shows special interest in transport and ICT projects carried out in Azerbaijan

01.03.2018 [21:15]
Austria shows special interest in transport and ICT projects carried out in Azerbaijan, said the Austrian Federal Minister for Transport, Innovation and Technology Norbert Hofer, as he met Ramin Guluzade, Minister of Transport, Communications and High ...

TAP: Nearly 70% pipes in Albania lowered in

01.03.2018 [17:03]
“Nearly 70% pipes in Albania (150km out of 215km in total) are now lowered in,” the Trans Adriatic Pipeline (TAP) AG company said in its Twitter account. TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project ...

Ramiz Hasanov to attend business forum of Caspian European Club

01.03.2018 [16:21]
On March 7, the Caspian European Club will host a business forum with the participation of Ramiz Hasanov, Chairman of the State Committee for Standardization, Metrology and Patent of the Republic of Azerbaijan, First Deputy Chairman and Chief ...

SOCAR Polymer tested polypropylene production for the first time

01.03.2018 [13:13]
On February 27, SOCAR Polymer Plant produced the first polypropylene product for demonstration and testing purposes, with the participation of SOCAR President Rovnag Abdullayev and company vice-presidents, according to SOCAR ...

First product at SOCAR Carbamide plant expected in August

01.03.2018 [12:56]
According to SOCAR, the first product at SOCAR Carbamide plant is expected in August. Construction works at the "SOCAR Carbamide" plant are about to end, and in a month it will start testing works. The first product in the plant - the production of ...

oil price decreased on world markets

01.03.2018 [12:44]
Oil prices have changed in different directions in the world markets. Price of a barrel of Azeri Light crude oil decreased $1.38 to stand at $66.61. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.08 to trade at ...

BP licenses its latest generation PTA technology in Turkey

28.02.2018 [20:45]
BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology, the British company announced on Tuesday. SOCAR Turkey intends to deploy the technology in its new 900,000 tonnes per annum ...

Oil prices decrease on world markets

28.02.2018 [11:13]
Oil prices have fallen on the world markets. Price of a barrel of Azeri Light crude oil decreased $0.88 to stand at $67.99. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.40 to trade at $66.23 ...

Nobel Oil Services establishes joint venture with GAMA Industry Inc

27.02.2018 [18:55]
Nobel Oil Services through its subsidiary PROKON established a new joint venture with the global industrial plant construction company GAMA Industry Inc. The new joint venture named ProkonGama will combine the expertise of both companies to provide ...

Azerbaijani oil price exceeds $69

27.02.2018 [10:53]
Oil prices have changed in different directions in the world markets. Price of a barrel of Azeri Light crude oil increased $0.77 to stand at $68.87. On London ICE (Intercontinental Exchange Futures) cost of the Brent crude oil decreased $0.06 to stand at $67.44. The ...

Parviz Shahbazov: TAPI will contribute to prosperity of not only participating countries, but the entire region

27.02.2018 [10:25]
A few days ago construction work was launched on the Afghan section of the Turkmenistan– Afghanistan–Pakistan–India (TAPI) gas pipeline project, which aims to bring natural gas from the Gylkynish and adjacent gas fields in Turkmenistan to Afghanistan ...