Azerbaijan’s SME Development Agency holds several meetings in Abu Dhabi
On the sidelines of the 12th Annual Investment Meeting in Abu Dhabi, Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with Abdoulaye Baldé, Director General of the Senegalese National Agency for the Promotion ...
Azerbaijani oil price increases in world markets
The Azerbaijani oil price has increased in the world markets. The price of a barrel of Azeri Light crude oil rose $0.04 to trade at $78.3 ...
Oil prices drop 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 $0.48 to trade at $76.96, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) ...
Azercosmos, US SpaceX sign cooperation agreement
The Azerbaijan Space Agency (Azercosmos) and the US SpaceX Corporation have signed a cooperation agreement. The signing ceremony was held on the sidelines of the meeting held between Azerbaijan’s Ministry of Digital Development and Transport, Azercosmos and SpaceX ...
® "Elevate & Innovate: Discussing the Challenges and Opportunities in the Digital Age"
“Azercell Telecom” LLC launched the "Idea Incubation Program" in collaboration with ADA University Foundation (Azerbaijan) and ADA University. The purpose of the project is to contribute to the improvement of the ICT and innovation ecosystem in the Republic of Azerbaijan, its sustainability and competitiveness in the field ...
Oil prices surge in world markets
Oil prices have jumped in the world markets. The London ICE (InterContinental Exchange Futures) saw the Brent crude oil rise $0.47 to trade at $75.77, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) ...
2,307 Azerbaijani nationals work for bp
At the end of the first quarter of 2023, the number of bp’s Azerbaijani national employees was 2,307 including fixed-term employees, bp told AZERTAC. “Since mid-2018, 90% of bp Azerbaijan’s professional staff has been nationals ...
Postage stamps marking National Leader's 100th anniversary to be issued in seven foreign countries
“Postage stamps marking the 100th anniversary of National Leader Heydar Aliyev will be issued in Azerbaijan and seven foreign countries,” said Minister of Digital Development and Transport Rashad Nabiyev as he addressed a conference themed “Heydar Aliyev and independent ...
Daily average export throughput of SCP makes up 61.6 million cubic metres per day
In the first quarter of 2023, the SCP spent around $20 million in operating expenditure and more than $2 million in capital expenditure in total, bp reported on 2023 first quarter results. “The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan ...
® "Tokhumchulug ve Tingchilik” company invites you to its stand at the "Caspian Agro 2023" exhibition
"Tokhumchulug ve Tingchilik” company, created for the purpose of production, import and sale of seeds of agricultural plants, will participate in the "Caspian Agro 2023" exhibition to be held in May. The central office of the company, which was established in 2019 ...
Azerbaijani oil price increases on world markets
The Azerbaijani oil price has increased in the world markets. The price of a barrel of Azeri Light crude oil rose $2.61 to trade at $78.26 ...
Azerbaijan, Japan discuss customs cooperation
Chairman of Azerbaijan’s State Customs Committee, Customs Service Lieutenant General Shahin Baghirov has met with a delegation led by Parliamentary Vice-Minister for Foreign Affairs of Japan Yoshikawa Yuumi ...
Shah Deniz spent around $872 million in operating expenditure in first quarter of 2023
In the first quarter of 2023, Shah Deniz spent around $678 million in operating expenditure and around $194 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, bp Azerbaijan said. “During the quarter, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt) ...
Oil prices surge in world markets
Oil prices have jumped in the world markets. The London ICE (InterContinental Exchange Futures) saw the Brent crude oil rise $2.8 to trade at $75.3, while the price of the Light ...
Saudi, China, India gas usage to surge in 2023 as Europe slumps: IEA
Rising demand for natural gas in Asia and the Middle East is set to offset a decline in other regions this year, helping to keep the global market tight, Al Arabiya reported referring to International Energy Agency. China’s consumption is forecast to jump by more than 6 percent ...
Azerbaijan, Hungary discuss strengthening of economic partnership
Azerbaijan's Minister of Economy Mikayil Jabbarov has met with Hungarian Minister of Economic Development Márton Nagy to discuss the strengthening of economic partnership between the two countries. The sides exchanged views on the favorable business environment created for foreign companies in Azerbaijan ...
Azerbaijan, Turkmenistan ink MoU on international container transportation
The 2nd International conference and exhibition “International transport and transit corridors: interconnection and development” (ITTC 2023) has wrapped up in Ashgabat, Turkmenistan.On the sidelines of the conference, “ADY Container” LLC, a subsidiary of “Azerbaijan Railways” CJSC and "Turkmenistan Transport and Logistics Center" SC signed a Memorandum ...
Daily average export throughput of South Caucasus Pipeline reaches 61.6 million cubic metres
During the first quarter of 2023, the daily average export throughput of the South Caucasus Pipeline (SCP) was 61.6 million cubic metres. In the first quarter of 2022, this indicator was 56.2 million cubic meters ...
® “Nar” is official partner of “Baku Open 2023” chess tournament
"Nar" is the official communication partner of the "Baku Open 2023" international chess tournament organized on the occasion of the 100th anniversary of National Leader Heydar Aliyev. The tournament, jointly organized by the Ministry of Youth and Sports and the Azerbaijan Chess Federation ...