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    ECONOMY

    BTC transports over 2.3 million tones of oil in February

    12.03.2013 [13:19]
    The Baku-Tbilisi-Ceyhan (BTC) export pipeline transported 2,327,909 tons of Azerbaijan`s oil in February. In January-February, a total of 4,905,102 tones of oil were exported through the pipeline. Since the start-up the pipeline has shipped 210.356,916 tons of crude. ...

    Azeri Light crude sells for $112.67

    12.03.2013 [13:18]
    Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $112.67. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil increased $0.11 to stand at $92.06. ...

    Trades at BICEX

    12.03.2013 [13:16]
    The weighted average exchange prices made up 0.7837 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on March 11. The average-weighted dollar exchange rate was 0.7837 AZN at the morning session on US currency in the BEST (Bourse E-system of trades). ...

    Azerbaijan becomes fastest growing country in the last decade

    12.03.2013 [13:12]
    The International Monetary Fund (IMF) has been in Azerbaijan from February 27 to March 12. As a result, the International Monetary Fund (IMF) has forecast 9% growth in non-oil sector in Azerbaijan in 2013 ...
    French ambassador visits Baku High Oil School

    French ambassador visits Baku High Oil School

    12.03.2013 [13:06]
    French ambassador to Azerbaijan Pascal Meunier, attachй for culture and cooperation Vincent Lorenzini and head of the Educational and Linguistics Cooperation Mission Charlotte Payne have visited the Baku High Oil School (BHOC) to meet Rector Elmar Gasimov ...
    Lufthansa increases flights to Azerbaijan

    Lufthansa increases flights to Azerbaijan

    12.03.2013 [13:00]
    German airline Lufthansa is to increase the number of Frankfurt-Baku-Frankfurt flights to five per week, the company said. The increase is seen in connection with the transition to the summer timetable ...

    Petkim announces 2012 financial results

    12.03.2013 [12:42]
    Petkim announced financial results for the year 2012. Accordingly, the company's exports rose to 42 per cent of total turnover. Petkim major players in the petrochemical sector, due to the increase in product prices and sales in the amount of 12 percent compared to the previous year, net sales increased 4 ...

    Israeli agricultural engineering company interested in cooperation with Azerbaijan

    12.03.2013 [12:02]
    Israeli company “Pascal” is seeking a distributor in Azerbaijan. AzPromo told that the Company is specialized in crushing tomatoes, greenhouse, viticulture and horticulture products, network solutions and etc. ...

    SOCAR released 10-year Eurobonds

    12.03.2013 [11:58]
    The State Oil Company of Azerbaijan (SOCAR) continues to set the rate of return (benchmark) for domestic securities in the international market. SOCAR reports that it has placed on the CEEMEA region’s market the 10-year Eurobonds worth $1 bn. The placement was preceded by the road show conducted in London on 4-5 ...
    Azerbaijan, Ukraine relations rapidly evolving

    Azerbaijan, Ukraine relations rapidly evolving

    12.03.2013 [11:10]
    Azerbaijani Minister of Industry and Energy Natiq Aliyev met with the Minister of Energy and Coal Industry of Ukraine Eduard Stavitsky here. Welcoming the guest, Natig Aliyev noted the rapid development of the Azerbaijani-Ukrainian ...

    Baku to host Azerbaijan-Hungary business meeting

    12.03.2013 [10:17]
    Azerbaijan-Hungary business meeting will be held within the visit of Hungarian State Secretary for Rural Development Gyula Budai to Baku, on March 13. According to Azerbaijan Export and Investment Promotion Foundation (AZPROMO), from the Hungarian side, the companies on animal-breeding, poultry, grain-growing, production of ...

    Baku to host WorldFood Azerbaijan 2013 exhibition

    11.03.2013 [23:12]
    Azerbaijan International Exhibition of Food Industry WorldFood Azerbaijan 2013 will take place on May 22-24 in Baku. Along with the WorldFood Azerbaijan 2013, the 7th AgriHort Azerbaijan and 2nd IPACK Caspian exhibitions will also be held ...
    Azerbaijani airports to be used for transit of tourists

    Azerbaijani airports to be used for transit of tourists

    11.03.2013 [22:05]
    A draft intergovernmental agreement on cooperation in the field of air transport between Azerbaijan and Sri Lanka has been initialed by the State Civil Aviation Administration (DMAA) of Azerbaijan and the Civil Aviation Authority of Sri Lanka. According to DMAA, initialing of the document was the result of the visit to Colombo by ...

    Azerbaijan`s foreign trade hits $3.5 billion

    11.03.2013 [18:15]
    The Azerbaijani State Customs Committee (SCC) has announced results of foreign trade operations with 95 countries in January 2013. According to the Azerbaijani State Customs Committee, the total volume of foreign trade turnover of Azerbaijan averaged $3.5 billion ...

    Azeri Light crude sells for $112.69

    11.03.2013 [11:36]
    Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $112.69. On the New York Merchantile Exchange NYMEX, cost of the US Light crude oil increased $1.52 to stand at $91.95. ...

    SOCAR exports nearly 4m tonnes of oil by all routes in January-February

    10.03.2013 [13:22]
    In January-February of this year the State Oil Company exported 3,984,000 tonnes of oil by three routes-Baku-Novorossiysk, Baku-Tbilisi-Ceyhan and Baku-Supsa, 1news.az reports citing SOCAR. 251,755 tonnes have been exported by the Baku-Novorossiysk pipeline in two months ...

    Baku to host 3rd Caspian International Power and Alternative Energy Exhibition

    10.03.2013 [13:10]
    The 3rd Caspian International Power and Alternative Energy Exhibition will be held on June 4-7 in Baku. The exhibition will bring together companies from Azerbaijan, Germany, Russia, Turkey and other countries which will demonstrate their products ...

    Austrian expert visits Azerbaijan

    09.03.2013 [19:04]
    Austrian expert has paid a visit to Azerbaijan under the TAIEX (Technical Assistance and Information Exchange) program. Peter Hacker, as part of the visit, attended the seminar, where he briefed the event ...

    Kenan Yavuz: TANAP is a product of “brotherhood and economic rationality”

    09.03.2013 [18:45]
    SETA Foundation hosted a debate organized by Insight Turkey, a peer-reviewed quarterly in circulation since 1999, and entitled Regional and Global Energy Security: Turkey`s Role with the participation of the Minister of Energy and Natural Resources HE Taner Yıldız, CEO of SOCAR Turkey Kenan Yavuz and BP Turkey ...
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