About 98% of the Trans Adriatic Pipeline (TAP) route in Greece and Albania has been lowered into the trench, according to the TAP AG consortium. “750 km out of 765 km in total now lowered into the trench. TAP will help integrate and diversify Europe’s energy supply ...

Iranian Petroleum Minister Bijan Zangeneh has underscored the importance of probing into the reasons behind Qatar withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), according to IRNA news agency ...

“We believe that Chevron`s decision is a completely business decision,” said BP Azerbaijan`s Vice President for Communications, External Affairs, Strategy and Region Bakhtiyar Aslanbayli as he commented on media reports saying that Chevron is seeking to ...

As part of the BakuTel-2018 exhibition, the first Caspian Innovation Conference has commenced in Baku. The aim of the conference on "Digital Linkage for Sustainable Development" is to reduce the digital divide, as well as revise digital connectivity for foreign investments and provide b ...

Chief Executive Officer of Bakcell, the first mobile operator and the fastest mobile internet provider of Azerbaijan, Nikolai Beckers has presented the company’s mobile internet speed of up to 600 Mbps to Azerbaijan’s Minister of Transport, Communications and ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $1.12 to trade at $60.96, while the price of Light crude at the NYMEX (New York Mercantile Exchange) fell $0.88 to stand at $52.37 on world markets ...

Since the 1,768km BTC pipeline became operational in June 2006 till the end of 2018, it carried a total of about 373,8 million tons barrels of crude oil and sent to world markets, according to SOCAR. According to the report, in November 2018, BTC exported more than 2,2 million barrels of Azerbaijani oil ...

The leading mobile operator of Azerbaijan will demonstrate comprehensive automation solutions together with the newest telco trends at Bakutel 2018. IoT technologies as a new level of data sharing between devices open up further opportunities to communicate across ...

Azerbaijan, Turkey, Russia and Iran will establish a joint venture on information technologies. The decision was adopted at the Azerbaijan-Turkey-Russia-Iran four way ministerial meeting in Baku. Four countries have decided to form a joint venture to facilitate closer working opportunities ...

Baku hosts the first ICAO EUR Environment Project Team meeting (ICAO EUR ENV PT) on December 4-5. At this meeting, which is attended by experts from the ICAO accredited countries in Europe and international aviation agencies, important issues on the environmental protection ...

Azerbaijan's low-cost airline Buta Airways received another new Embraer E-190, which was delivered to the airline’s fleet directly from the manufacturer in Brazil. It is the eighth in the low-cost airline’s fleet and will allow add more flights to the ...

Nar, the country’s youngest and most innovative mobile operator has presented “Nar Wi-Fi” internet router, which provides access to high speed internet. This equipment allows up to 30 devices at once to get access to high speed internet (LTE/4G) at ...

Azerbaijani President Ilham Aliyev has signed an Order regarding measures to construct Buzovna-Mardakan-Gala road in Khazar district of Baku. Under the presidential order, the Azerbaijan Highway State Agency is allocated 5,600,000 manats for the construction of the road ...

The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intention to withdraw from its Membership of OPEC, pursuant to Article 8 of the OPEC Statute, with effect ...

Azerbaijan`s Energy Minister Parviz Shahbazov will participate in the 5th OPEC and non-OPEC Ministerial Meeting to be held within the 175th meeting of the Council of Ministers of OPEC countries in Vienna, the Ministry of Energy reported ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.51 to trade at $62.20, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.44 to stand at $53.39 on world markets ...