SOCAR and foreign oil companies signed 34 PSAs by beginning of 2018
Earlier this year, SOCAR and foreign oil companies have signed 34 production sharing agreements (PSAs), according to the annual report of SOCAR in 2017. Of these, 19 agreements cover the Azerbaijani sector of the Caspian Sea, and 15 agreements - dry areas ...
TAP: 77.7 per cent of construction work completed
“As much as 77.7 percent of the Trans Adriatic Pipeline (TAP) project, which envisages transportation of natural gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries, has been successfully implemented,” Southern Gas Corridor CJSC has told AZERTAC’s correspondent ...
® Bakcell gives out 5GB of FREE 4G internet to residents of 16 regions
The subscribers of Bakcell have a unique opportunity to use and benefit from the high-speed 4G network of Bakcell free of charge. Bakcell, the first mobile operator and leading mobile internet provider of Azerbaijan, provides the residents of 16 regions ...
Baku to host 3rd IAEE Eurasian Conference
The 3rd IAEE (International Association for Energy Economics) Eurasian Conference on the topic "Implications of global developments within the energy development in the Caspian and Central Asian Region" will be held in Baku ...
New fiscal rule signed in to law
On August 24, 2018, President Ilham Aliyev signed in to law amendment to the “Budget system law" of the Republic of Azerbaijan introducing a fiscal rule for medium- and long-term public expenditure management in Azerbaijan as of fiscal year of ...
® Nar reports 24% growth in number of 4G users
According to results of the second quarter of 2018, in the course of one year period the number of subscribers using the 4G internet of Nar has grown by 24%. Today, more than 250,000 subscribers use high-speed 4G service of Nar ...
® Bakcell announces winners of lottery held together with “Bank of Baku”
Bakcell - the First Mobile Operator and Leading Mobile Internet Provider of Azerbaijan has announced the winners of the stimulating draw-based lottery, conducted under the title of “Trip abroad from Bakcell Ulduzum and Bank of Baku”. ...
Baku to host International Conference "Payments2020 Caspian: Digital Transformation of Payments"
The 3rd International Conference "Payments2020 Caspian: Digital Transformation of Payments" will be held in Baku on October 4. The event will be co-organized by Business-Format Company and FUETE Magazine. The conference will discuss a wide range of issues, including ...
European Commission Vice President for Energy Union to attend Caspian Energy Forum Baku-2018
European Commission Vice President for the Energy Union Marosh Shefchovich is expected to participate in the Caspian Energy Forum Baku-2018, according to the Caspian Energy Forum website ...
Brücke GmbH becomes European partner of Caspian Energy Forum Baku-2018
Brücke GmbH has become the official European partner of the 7th Caspian Energy Forum Baku-2018 to be held on September 20 with the support of the Government of the Republic of Azerbaijan and the Caspian European Club. First Deputy Chairman and Chief Executive Officer of the Caspian European Club Telman Aliyev said ...
Mursal Rustamov appointed Chief Executive Officer of Caspian Energy Germany
Mursal Rustamov has been appointed Chief Executive Officer of Caspian Energy Germany. First Deputy Chairman and Chief Executive Officer of the Caspian European Club Telman Aliyev said. According to Telman Aliyev, Caspian Energy Germany will represent the ...
SOFAZ publishes its 2017 Annual Report
The State Oil Fund of the Republic of Azerbaijan published its Annual Report for the year 2017 including report on Fund's activities in 2017, audited Financial Statements and Independent Auditor's Report. SOFAZ’s 2017 Annual Report’s design was dedicated to national music of Azerbaijan ...
Exhibition season kicks off in Azerbaijan in September
The season of specialised trade and industrial exhibitions organised by exhibition companies Iteca Caspian and Caspian Event Organisers will again starts in Azerbaijan in September. The autumn exhibitions will include the non-oil spheres of the economy and will be supported by the state structures of the Republic of Azerbaijan ...
SOCAR and Germany’s Uniper join together to increase energy efficiency in Azerbaijan
Uniper SE and SOCAR will collaborate on projects aimed at improving the energy efficiency of oil and gas production in Azerbaijan. The two companies signed an agreement to that effect today in Baku during of German Chancellor Angela Merkel’s trip to Azerbaijan ...
TAP pipeline reaches highest elevation point of project 2,100m above sea level
TAP pipeline reaches the highest elevation point of the project 2,100m above sea level, TAP AG company said. Marta pass (connecting Korça & Skrapari regions in Albania). Despite the difficult landscape, works are progressing according to plan ...
® Advantageous 4G offers from Bakcell
Bakcell, the First Mobile Operator and Leading Mobile Internet Provider of Azerbaijan constantly develops advantageous offers and expands the coverage area of its ultra-fast 4G/LTE network in order to provide the customers with high quality mobile communication services and best digital customer experience on the market ...
® AtaBank to serve customers on Eid al-Adha holidays
AtaBank OJSC congratulates people on Eid al-Adha holiday and provides information on operating hours during holiday. To provide customers access to the banking services during Eid al-Adha holiday next branches of the AtaBank will work ...
Ziraat Bank becomes sponsor of Caspian Energy Forum Baku - 2018
Ziraat Bank has become a sponsor of the 7th International “Caspian Energy Forum Baku – 2018” (www.caspianenergyforum.com) which will take place in Baku on September 20. Chairman of the Board of Ziraat Bank Avni Demirchi commended the conduction of the Caspian Energy Forum Baku – 2018 ...
KOICA Azerbaijan Office holds workshop
The KOICA Azerbaijan Office has held “Workshop on Grant Projects and Country-Specific KOICA CIAT Programs for the year 2020 within the framework of the KOICA Grant Programs”. For the opening remarks, the KOICA Azerbaijan Office Country Director ...