Economy

In order to support business representatives during the quarantine period, the Caspian European Club will organize Online Business Trainings in a live broadcast mode on its resources and in social networks, chairman and Group CEO of the Caspian European Club and Caspian Energy Telman Aliyev said. According to Telman Aliyev, …

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $3.90 to stand at $24.14.

The world-famous steel material manufacturer of Germany “Wilhelm Geldbach GmbH” is going to operate in Azerbaijan. In early March, the company’s delegation visited Baku and got acquainted with the local market, existing conditions and opportunities, and held numerous meetings. The history of Wilhelm Geldbach GmbH, one of Germany’s oldest and …

The 3D seismic acquisition programme on Block D230, which commenced in December 2019, was safely completed on March 14, BP Azerbaijan told AZERTAC. “Based on great cooperation with SOCAR and the seismic contractor Caspian Geophysical the project was completed successfully and on schedule. The next step is to process the acquired …

Russia’s largest carrier Aeroflot suspends regular flights to Azerbaijan and 7 more countries, including India, Finland, Sweden, Croatia, Bulgaria and Greece starting in late March in the wake of the coronavirus pandemic, the airline said on Saturday. Flights to Delhi will be cancelled from March 22 until 28, to Helsinki …

In connection with the recommendations of the Task Force under the Cabinet of Ministers of the Republic of Azerbaijan, all discussions on the preparation of a package of proposals to the top leadership of the country by the Caspian European Club will be formed online. The work of all sectoral …

As the World Health Organization has declared coronavirus infection (COVİD-19) a global pandemic, as part of measures to prevent the spread of COVİD-19 virus in the country from March 15, Azerbaijan Airlines temporarily suspended the Baku-Paris-Baku, Baku-Berlin-Baku, Baku-Nursultan-Baku, Baku-Aktau-Baku, Baku-Almaty-Baku flights, the task force established by the Cabinet of Ministers …

Belarus companies are keen to establish a joint venture with Azerbaijani companies to manufacture baby food, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said. AZPROMO invites the companies keen on cooperation to send their projects to the foundation.

The State Oil Company of Azerbaijan (SOCAR) and Uzbekneftegaz JSC have agreed to hold a series of technical meetings in order to share achievements and exchange experience as SOCAR President Rovnag Abdullayev met with chairman of the Board of the Uzbek company Mekhriddin Abdullaev. Rovnag Abdullayev highlighted the use of …

As part of his visit to Vienna, Azerbaijan`s Energy Minister Parviz Shahbazov has met with Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud, OPEC Secretary General Mohammed Barkindo and Russian Energy Minister Alexander Novak. During the meeting with Saudi Minister Abdulaziz bin Salman Al Saud, the sides discussed factors …