SOCAR, Delta Rubis ink contract on storage and distribution of fuel

19.02.2013 [13:03]
Azerbaijan`s state oil firm, SOCAR, and Delta Rubis have signed a contract on the storage and distribution of fuel in Ankara. According to SOCAR Turkey, the term of the contract is 5 years ...

Azeri Light crude sells for $120.31

19.02.2013 [11:31]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $120.31. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil increased ...

Azerbaijan, Asian Development Bank sign MoU

19.02.2013 [11:15]
Azerbaijan and Asian Development Bank have signed a memorandum of understanding that will see Baku host the 48th annual meeting of the bank`s Board of Governors. The memorandum was signed as part of the visit of Azerbaijan`s Finance Minister Samir Sharifov to Manila, Philippines ...

Azerbaijani President allocates AZN 6.9 million for construction of Gazakh-Gushchu Ayrim highway

18.02.2013 [22:09]
President of Azerbaijan Ilham Aliyev has today signed an order to allocate AZN 6.9 million for construction of Gazakh-Gushchu Ayrim highway. The highway links 15 settlements with the total population of 26,000 people. The funds were allocated from the President`s 2013 reserve fund. ...

President of Azerbaijan National Confederation of Entrepreneurs` Organizations meets Turkish businessmen

18.02.2013 [21:46]
President of the Azerbaijan National Confederation of Entrepreneurs` (Employers) Organizations Mammad Musayev has met a Turkish delegation led by chairman of the Kayseri Young Industrialists and Businessmen`s Association ...

AZPROMO becomes WAIPA`s regional director

18.02.2013 [20:44]
Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has been reelected a regional director of the World Association of Investment Promotion Agencies (WAIPA). As an active member of WAIPA, AZPROMO will lead a Directorship of South Caucasus and ...

Azerbaijani delegation visits Turkey

18.02.2013 [18:57]
A delegation of Azerbaijan`s Ministry of Labor and Social Protection of Population has visited Turkey. The Azeri delegation will hold meetings with officials of the Turkey`s Ministry of Family and ...

Oil prices fall in world market

18.02.2013 [12:02]
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $1.45 to stand at $95.86. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) decreased $0.34 to trade at ...

Azerspace-1 to reach orbit by February 19

17.02.2013 [15:59]
Azerbaijan`s first communications satellite Azerspace/Africasat-1a will reach its orbital position on February 19, Azercosmos has said. Azerspace-1 was launched from the Guiana Space Center near Kourou in French Guiana February ...

Germany hosts BioFach exhibition

16.02.2013 [20:14]
World Organic Trade Fair BioFach-2013 has kicked off in Nuremberg, Germany. The 23rd BioFach trade fair brings together more than 2,000 visitors and above 40,000 manufacturers ...

Trades at BICEX

16.02.2013 [16:31]
The weighted average exchange prices made up 0.7837 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on February 15. The average-weighted dollar exchange rate was 0.7834 AZN at the morning session on US currency in the BEST (Bourse E-system of trades). Deals worth 1.922.869 AZN were ...

SOFAZ allocates AZN 103 million for development of broadband internet in Azerbaijan

16.02.2013 [12:17]
The State Oil Fund of Azerbaijan (SOFAZ) has allocated around AZN 103 million to implement a project for developing broadband Internet on the "Fiber to Home" model in Azerbaijan. The project is profitable and will be implemented in three phases. Beginning in 2014, around 30-35% of the total project cost will be backed by ...

Dresden hosts meeting on Azerbaijani economy

16.02.2013 [00:17]
A meeting dedicated to the Azerbaijan Economy Day was organized by Azerbiajan`s embassy to Germany, Azerbaijan`s Foreign Chamber of Commerce and Dresden Chamber of Commerce and Industry in the city of Dresden. Opening the event, ambassador Parviz Shahbazov said relationship between ...

EU, Azerbaijan to discuss cooperation

15.02.2013 [21:10]
According to the agreement signed between Azerbaijan and the European Union on partnership and cooperation, a meeting of subcommittee for energy, transport and environment will take place in Baku on February 19. Representatives of EU`s Foreign Policy Instruments Service and European Commission`s ...

SOCAR vice-president meets president of Statoil-Azerbaijan

15.02.2013 [20:11]
SOCAR`s vice-president for environment Rafiga Huseynzade has today met president of Statoil-Azerbaijan Lars Troen Sorensen. They discussed a range of issues including, the work of the Statoil in Azerbaijan, as well as ...

Azeri Taxes Minister meets head of EU office in the country

15.02.2013 [19:02]
Azerbaijan`s Taxes Minister Fazil Mammadov has today met head of the EU office in Azerbaijan, Ambassador Roland Kobia and ambassadors of other EU member states. They discussed prospects for cooperation between Azerbaijan and EU, as well as the current ...

Trades at BICEX

15.02.2013 [11:49]
The weighted average exchange prices made up 0.7834 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on February 14. The average-weighted dollar exchange rate was 0.7834 AZN at the morning session on US currency ...

Oil price rises in world market

15.02.2013 [11:30]
The price of oil has continued to rise in the world markets. On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the US Light crude oil raised $0.30 to stand at $97.31. Price of the British Brent oil at the London ICE (InterContinental Exchange Futures) has ...

EU welcomes agreement on transportation of Azerbaijani gas to Europe

14.02.2013 [22:24]
The EU`s Energy Commissioner Gunther Oettinger has welcomed the signing of an agreement that will see construction of a pipeline to transport Azerbaijan`s gas to the European market ...