Economy

Azerbaijan’s State Oil Company (SOCAR) is supposed to at least double gas exports via the Southern Gas Corridor (SGC) by 2027, the company’s President Rovshan Najaf said during the 2nd Azerbaijan-Turkiye Energy Forum, Azernews reports per Trend. “Therefore, we are discussing plans on expanding the TAP and TANAP pipeline capacities. …

Istanbul has hosted the 2nd Azerbaijan-Turkiye Energy Forum, co-chaired by Azerbaijani Minister of Energy Parviz Shahbazov and Turkish Minister of Energy and Natural Resources Fatih Donmez. The forum was preceded by a bilateral meeting between the energy ministers of both countries. The meeting reviewed the activities of working groups on …

From 1 to 8 June this year, the International Civil Aviation Organization (ICAO) conducted another large-scale audit of ICAO Coordinated Validation Mission (ICVM) for compliance with international safety standards of civil aviation in the Republic of Azerbaijan under the Universal Safety Oversight Audit Programme (USOAP). During the audit, compliance with …

Azerbaijan and Saudi Arabia have discussed the current status of the construction of the 240 MW Khizi-Absheron wind power plant, which was founded in January 2022, Azernews reports. The discussion took place during the meeting between Azerbaijan’s Energy Minister Parviz Shahbazov and Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman …

Azerbaijani Economy Minister Mikayil Jabbarov has met with Minister of Economic Development of Russia Maxim Reshetnikov. “During the meeting with Minister of Economic Development of Russia Maxim Reshetnikov, we discussed the expansion of the trade relations between our countries, establishment of clusters within the framework of the economic cooperation, holding …

Azerbaijan and Israel have discussed the cooperation in digital economy and innovations sector, Azernews reports. The discussion took place during a meeting between Azerbaijani Center for Analysis of Economic Reforms and Communication Executive Director Vusal Gasimli and Israeli Deputy Ambassador and the Economic and Trade Advisor of the Embassy Doron …

Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with a delegation of the Izmir Chamber of Commerce of Turkiye. During the meeting, KOBIA Chairman of Board Orkhan Mammadov highlighted support and services provided to entrepreneurs. The sides also exchanged views …

The Azerbaijan–Pakistan Technology Forum has today been held in Baku. The forum was organized by the Ministry of Digital Development and Transport, the Export and Investment Promotion Agency (AZPROMO), the Embassy of the Islamic Republic of Pakistan in the Republic of Azerbaijan and the Pakistan–Azerbaijan Economic Cooperation Chamber (PAKAZCHAM). The …

Uzbekneftegaz specialists have paid a visit to Azerbaijan’s State Oil Company (SOCAR) to exchange experience on the application of new technologies for wells’ workover and study the company’s experience in the implementation of projects on increasing hydrocarbon production under risk service conditions, Azernews reports per Uzbek media sources. The visit …

The 73rd International Astronautical Congress (IAC), hosted by France, has today ended. The event, organized under the motto “Space for All”, was attended by more than 9,300 delegates from 110 countries. At the closing ceremony, Sameddin Asadov, chairman of the Board of Azercosmos, made a presentation on the 74th International …