Trades at BICEX

21.08.2013 [20:26]
The weighted average exchange prices made up 0.7835 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on August 21. The average-weighted dollar exchange rate was 0.7835 AZN at the morning session on US currency in the BEST (Bourse E-system of trades) ...

Azeri Light crude sells for $114.47

21.08.2013 [13:45]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $114.47. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil decreased ...

Production in Azerbaijan`s processing industry increased by almost 10 per cent

21.08.2013 [13:10]
The volume of production in the mining industry amounted to 14.6 billion manat, with a 74.2 per cent specific weight in all industrial production during the reported period which is 0.8 per cent lower than in the same period of 2012. The volume of oil production amounted to 25.5 million tons and natural gas production ...

SOCAR Georgia Gas concludes construction of gas network in Adzhariya Autonomous Republic, Georgia

21.08.2013 [11:45]
SOCAR Georgia Gas has held an opening ceremony to mark the finalization of construction of a gas pipeline in the Adzhariya Autonomous Republic, Georgia. The event was attended by Georgian Energy Minister Kakha Kaladze and employees of the company ...

Passenger transportation via air transport ups in Azerbaijan

21.08.2013 [11:41]
Azerbaijan`s State Statistical Committee has said about 921,800 passengers were transported via air transport in January-July this year, up 5.8% from the same period of 2012. The cargo transportation via air increased 1.9 times to make 64,500 tons ...

SOCAR in talks to buy 5 million tons of oil a year from Rosneft

20.08.2013 [16:01]
Russia will start to export its own oil through Baku–Tbilisi–Ceyhan (BTC) pipeline as part of alliance between State Oil Company of Azerbaijan (SOCAR) and Rosneft. Rovnag Abdullayev, the President of SOCAR, said that both State Oil Companies are ...

Azeri Light crude sells for $114.93

20.08.2013 [15:46]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $1143.93. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil decreased ...

Istanbul to host number of events of Turkic speaking states in September

20.08.2013 [12:01]
Istanbul, Turkey, will host a number of events including the 1st exhibition of export products of Turkic speaking countries and the 2nd business forum of Turkic speaking countries on September 12-15. According to the Azerbaijani National Confederation of Entrepreneurs (AEC), the 2nd ...

Azerbaijan exported 25.4 million tones of oil in 7 months

19.08.2013 [14:43]
Azerbaijan transported 25.4 tons of crude in January-July of this year thorugh tis main oil pipelines, according to the State Statistical ...

Yinchuan to host 1st OIC China Expo and Economic & Trade Forum 2013

19.08.2013 [12:45]
The 1st OIC China Expo and Economic & Trade Forum 2013 will take place in the Chinese city of Yinchuan in September. This forum is aimed at strengthening economic and commercial cooperation among 57 OIC Member States, encouraging regular trade exchange, promoting investment and fostering ...

Azeri Light crude sells for $115

19.08.2013 [12:19]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $115. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil increased $0.13 ...

Azerbaijan, US discuss ICT cooperation

18.08.2013 [17:05]
Azerbaijan`s Minister of Communications and Information Technologies Ali Abbasov has met a delegation of assistants of US congressmen. Abbasov briefed the delegation on the achievements gained in ICT sphere in his country. ...

Azeri Light crude sells for $114.43

16.08.2013 [12:12]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $114.43. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil increased ...

Population`s income sees 7.2% growth in Azerbaijan in seven months of 2013

15.08.2013 [19:52]
The population in Azerbaijan has had its income increase 7.2% in the first seven months of 2013 against the same period last year, State Statistical Committee has said. Official figures show that the population`s income reached 18.9 billion manats in January ...

Oil price rises in world markets

15.08.2013 [19:45]
The price of oil has continued to rise in the world markets. On the New York Mercantile Exchange NYMEX, cost of the US Light crude oil increased $0.02 to stand at $106.85. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has ...

Baku to host International Forum of Treasurers

14.08.2013 [21:04]
An International Forum of Treasurers will take place in Baku in September sponsored by Pasha Bank. The event, which will bring together treasures from a number of countries, will focus on a wide range of issues, including the organization ...

Rosneft and SOCAR Sign Cooperation Agreement

14.08.2013 [20:46]
Rosneft of Russia and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a cooperation agreement. The document was inked by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President ...

Trades at BICEX

14.08.2013 [20:35]
The weighted average exchange prices made up 0.7835 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on August 13. The average-weighted dollar exchange rate was 0.7835 AZN at the morning session on US ...

Azerbaijan to build logistics center in Aktau

14.08.2013 [16:39]
Azerbaijan's Azersun Holding will build a logistics center in the Mangistau region of Kazakhstan. A relevant memorandum of understanding was signed among Azersun Holding ...