Economy

The delegation led by the Tourism Minister of Egypt Rania Al Mashat will pay a visit to Azerbaijan, the Embassy of Egypt to Azerbaijan told APA. The purpose of the visit of the delegation is to attend the 110th meeting of the Executive Committee of the World Tourism Organization to be …

Initial oil and condensate reserves of Azeri Chirag Gunashli, Shahdaniz, Ashrafi, Garabagh, Umid and Absheron fields located in the Azerbaijan sector of the Caspian Sea is estimated with 1 458 million tons, SOCAR told APA Economics. 1 340 million tons of the shown number falls to Azeri Chirag Guneshli (1 100 million …

The number of foreigners visiting Azerbaijan in April 2019 increased by 8.9% or 19.4 thousand people compared to the same period of 2018 and reached 238,000, Azerbaijan State Tourism Agency told APA. According to the report, the largest increase was observed from Georgia among visitors, with 22% (10.2 thousand). With an …

“The 8th International Caspian Energy Forum Tbilisi 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy,” First Deputy Chairman and Chief Executive Officer of the Caspian European Club Telman Aliyev said. Caspian Energy Georgia company is an organizer …

The 4th meeting of the US-Azerbaijan Economic Partnership Commission has been held in Baku. The agenda of the commission included issues on the development and strengthening of trade relations between the two countries, investment opportunities, economic reforms in Azerbaijan, as well as cooperation in the fields of tourism, taxes, customs, …

Global energy investments increased by $1 billion year on year to $1.84 trillion last year after three years of decline, the International Energy Agency (IEA) said on Tuesday, Anadolu Agency reports. “More spending on oil, gas and coal supply was offset by lower spend on fossil fuel-based generation and renewable …

The Innovation Festival (InnoFest) will be held in Azerbaijan for the first time on May 29-June 4, said Tural Karimli, Director of High Technologies Park. The project will be co-organized by the Ministry of Transport, Communications and High Technologies, Ministry of Youth and Sport, Ministry of Education, Heydar Aliyev Center, …

During the first quarter of the year, Azeri-Chirag-Gunashli (ACG) continued to safely and reliably deliver stable production. Total ACG production for the first three months of 2019 was on average 571,000 barrels per day (b/d) (about 52 million barrels or 7 million tonnes in total) from the Chirag (43,000 b/d), …

In the first quarter of 2019, Shahdeniz field produced 4.3 billion standard cubic metres (bscm) of gas and about 1 million tonnes (7.5 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms, BP Azerbaijan said. During the first quarter of the year, the …

Azerbaijan’s beekeeping farms, which did not receive subsidies in 2018, will receive them this year, Trend reports with reference to the country’s Ministry of Agriculture. “The Ministry of Agriculture held a regular meeting of the republican commission for issuing subsidies to individuals and legal entities involved in beekeeping,” a representative of the …