SOFAZ and SOCAR delegation visit Heydar Aliyev drilling rig
A delegation of SOFAZ (the State Oil Fund of the Azerbaijan Republic) and SOCAR (the State Oil Company of the Azerbaijan Republic) visited the Heydar Aliyev rig which is currently drilling a new exploration well (SDX-8) in the eastern flank of the Shah Deniz field ...
Azerbaijan produces 10.2 million tons of oil in four months
Azerbaijan produced 10.2 million tons of oil (including condensate) in January-April 2023, the Ministry of Energy reports. Azeri-Chirag-Gunashli produced 6.2 million tons of total volume of oil production while Shah Deniz 1.5 million tons ...
Azerbaijani oil price falls in world markets
The Azerbaijani oil price has decreased in the world markets. The price of a barrel of Azeri Light crude oil fell $0.79 to trade at $78.04 ...
Oil prices fall in world markets
The world markets have seen a decline in oil prices. The Brent crude oil price on the London ICE (InterContinental Exchange Futures) fell $0.81 to trade at $74.17, while the price of the Light crude oil at the NYMEX ...
® Azercell is connecting women leaders across the country
Azercell has announced its partnership with the SHE (Smart, Happy, Equal) Congress, remarking the event’s 5th anniversary in Azerbaijan. Connecting women leaders across the country and the region, the event provides an excellent platform for networking, learning, sharing experiences, as well as interacting with business and industry executives ...
Azerbaijan produces 512,000 barrels of crude oil per day in April
In April 2023, daily oil production (including condensate) in Azerbaijan amounted to 626,000 barrels, including 512,000 barrels of crude oil and 114,000 barrels of condensate, the Ministry of Energy told AZERTAC. According to the OPEC plus cooperation, Azerbaijan's commitment to cuts ...
CEO of SOCAR Türkiye: Petkim’s export hit USD 900 million in 2022
“Last year, Petkim produced USD 3 billion worth of products and exported products in the amount of USD 900 million,” said acting CEO of SOCAR Türkiye Elchin Ibadov. “Although the main goal of the company is to meet Turkey's domestic market demand, additional products are also exported,” the acting ...
® All-new “Signature Call” service from “Nar”
"Nar" unveils a new "Signature Call" service, which allows the subscribers to add signature on their calls. Thus, the called party can see your number as well as the text you enter, i.e. your signature. It is a great option to find out who is calling and the reason of a call ...
® Silk Way West Airlines announces upcoming Caspian Air Cargo Summit 2023 on Air Cargo Europe in Munich
On the largest transport exhibition Air Cargo Europe in Munich one of the leading cargo airlines in the Caspian and Central Asian region Silk Way West Airlines jointly with Euroavia International announces Caspian Air Cargo Summit 2023, to be held on October 23-25, 2023 ...
OIC Secretary General: IsDB Remains the Prominent Development Finance Institution of the OIC Member States
“In his speech at the opening session of the 48th Annual Meeting of the Islamic Development Bank (IsDB) Group, which was held in Jeddah, Kingdom of Saudi Arabia, on 11th May, 2023, Hissein Brahim Taha, the Secretary-General of the OIC, emphasized that in the ...
TotalEnergies company keen on partnership with Azerbaijan
Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with President of Exploration & Production of TotalEnergies Nicolas Terraz. The discussions were mainly concerned with successful cooperation between SOCAR and Total Energy ...
Azerbaijani oil sells for $78.83
The Azerbaijani oil price has decreased in the world markets. The price of a barrel of Azeri Light crude oil fell $1.14 to trade at $78.83 ...
Oil prices fall in world markets
The world markets have seen a decline in oil prices. The Brent crude oil price on the London ICE (InterContinental Exchange Futures) fell $0.32 to trade at $74.66, while the price of the Light crude oil at the NYMEX ...
Central Bank: $61.4m worth of demand fully covered at FX auction
The foreign exchange (FX) auction was held at the Central Bank on May 11. $61.4m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000 ...
Bucharest to host Romanian-Azerbaijani business forum
The 7th meeting of the Joint Commission on Trade-Economic Relations and Scientific-Technical Cooperation between the Governments of Azerbaijan and Romania will be held in Bucharest by the end of May this year ...
Tax revenues to state budget increased by 52.4%
“In January-April of 2023, tax revenues collected by the State Tax Service for the state budget increased by 52.4% compared to the same period in 2022, amounting to 7 bln. 672.2 mln. ₼,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter ...
Azerbaijani, Russian communications administrations hold coordination meeting
A coordination meeting on terrestrial services between the communications administrations of the Republic of Azerbaijan and the Russian Federation has kicked off in the city of Guba ...
Azerbaijani oil price nears $80
The Azerbaijani oil price has increased in the world markets. The price of a barrel of Azeri Light crude oil rose $1.67 to trade at $79.97 ...
Azerbaijan, Vietnam eye business cooperation
A visiting delegation of Azerbaijan Women's Entrepreneurship Development Association (AGSIA) and relevant institutions of Vietnam have discussed cooperation between Azerbaijani and Vietnamese companies. Chairwoman of the Vietnam Women Entrepreneurs Council (VWEC) ...