Economy

Azerbaijan was the fourth largest trading partner of neighbouring Georgia in the period between January and August this year with the trade turnover between the two countries amounting to $594 million in the reporting period. Azerbaijan’s share in Georgia’s total trade turnover was 8.5 percent. Thus, Azerbaijan is the fourth …

Russia was Azerbaijan’s top export market in the first eight months of this year, according to the State Customs Committee. Official statistics suggests that Russia, Ukraine and Belarus were the largest export destinations of Azerbaijan among the CIS member states. The volume of export with Russia made $463.3 million, while …

Azerbaijan`s Minister of Ecology and Natural Resources Mukhtar Babayev and Chairman of Japan-Azerbaijan Economic Commission, Managing Executive Officer of ITOCHU Corporation, President of Energy and Chemicals Company Keita Ishii have discussed prospects for economic cooperation between the two countries during a video conference. Minister Babayev hailed cooperation with Japan in …

Azerbaijan and Kazakhstan have discussed the prospects of cooperation in all directions of oil and gas industry. The discussing took place during the meeting of SOCAR President Rovnag Abdullayev with the Chairman of the national company of Kazakhstan “KazMunayGas” Alik Aidarbayev. During the meeting, prospects of wide cooperation between the …

SOCAR Petroleum has put into operation a new petrol station in Salyan region, bringing the number of such stations to 35, the company’s press service reported on September 14. The petrol station is on the Baku-Astara road and will be more convenient to use for drivers travelling from the southern region …

“Deputy Chairman of the Food Safety Agency of Azerbaijan Rashad Mafusov has taken part in the traditional Online B2G Forum organized by the Caspian Energy Club. Challenges and issues, facing top managers and representatives of local and foreign companies during the COVID-19 coronavirus pandemic, and also their suggestions were discussed …

Azerbaijan has transported 8,500 tons of bitumen to Ukraine, ADY Express, subsidiary company of Azerbaijan Railways has reported. Bitumen produced by the State Oil Company of Azerbaijan at the Heydar Aliyev Oil Refinery was delivered to Ukraine in 130 tank wagons from Azerbaijan to Georgia and from there by ferry …

Lithuania might launch direct regular air traffic to Azerbaijan. The country’s Ministry of Transport and Communications of Lithuania has told Trend that opening direct flights to Azerbaijan is one of the priority issues for the ministry. “We are aware of the interest of the Azerbaijani side to continue the process …

The transportation in test mode of the natural gas extracted from Azerbaijan’s Shah Deniz-2 gas and condensate field to Europe via the Trans-Anatolian Gas Pipeline (TANAP) has been launched, APA-Economics reports citing the Turkish press. The gas will pass through the Adriatic Sea via the Trans-Adriatic Gas Pipeline (TAP) connecting to …

Over January-July, 2020, Azerkosmos OJSC delivered services (satellite and telecom services) worth $28.1 million to 27 countries, which is 10,2 percent higher compared to the same period last year, according to the August edition of the “Export Review” magazine published by the Center for Analysis of Economic Reforms & Communications. …