Economy

Azerbaijan and Romania have discussed priorities of energy collaboration, such as gas supply from Azerbaijan and transmission of renewable energy through the Black Sea submarine line, Azernews reports. The discussions took place during a meeting between Azerbaijan’s Energy Minister Parviz Shahbazov and Romanian Energy Minister Virgil-Daniel Popescu on the margins …

Azerbaijan`s Minister of Energy Parviz Shahbazov has met with Romanian counterpart Virgil-Daniel Popescu on the sidelines of the Romanian International Gas Conference. The satisfaction was expressed for Romania`s cooperation with Azerbaijan on crude oil, oil and petrochemical products for many years. The activity of SOCAR’s 68 petrol stations in 26 …

The overhaul of the “Azerbaijan Caspian Shipping Company” CJSC (ASCO) STB-1 barge, which is used for the transportation of large-sized support blocks for offshore stationary platforms construction has been completed at “Bibiheybat” Ship Repair Yard, ASCO told AZERTAC. As part of the repair, the barge’s main engines, pumps, compressors, release air …

Moldovan Prime Minister Natalia Gavrilita will pay a visit to Azerbaijan to discuss gas supplies, Azernews reports, citing foreign media sources. “The prime minister will visit Baku to attend the meeting of the Moldova-Azerbaijan intergovernmental commission on trade and economic cooperation, which will take place on October 10-12. Among the …

The Alat Free Economic Zone of Azerbaijan (AFEZA) and Jordan’s Aqaba Special Economic Zone Authority (ASEZA) have signed a Memorandum of Understanding on cooperation and exchange of experience. The document was inked by Chairman of the Board of Commissioners of the Aqaba Special Economic Zone Nayef Bakheet and Deputy Chairman …

An online meeting has been held between Azerbaijani Minister of Energy Parviz Shahbazov and Minister of Energy of the Kingdom of Belgium Tinne Van der Straeten. The meeting participants discussed issues of the global energy agenda and measures taken by Azerbaijan for the production and export of energy. The importance …

The trade turnover between Azerbaijan and Ukraine reached half a billion dollars in January-August of this year. Azerbaijan imported goods worth $163.342 million from Ukraine, while Azerbaijan’s export to Ukraine amounted to $333.030 million in the first eight months of 2022, official figures suggest. The trade between Azerbaijan and Ukraine …

Azerbaijan and Pakistan have discussed opportunities for the expansion of cooperation in the energy sector between the two countries, Azernews reports. The discussion took place during a meeting between Azerbaijan’s Energy Minister Parviz Shahbazov and Pakistan’s Petroleum Minister Musadik Masood Malik, who was on a visit to Azerbaijan. During the …

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Chairman of the Union of Chambers and Commodity Exchanges of Turkiye Mustafa Rifat Hisarciklioglu. “During our meeting with Mustafa Rifat Hisarciklioglu, Chairman of the Union of Chambers and Commodity Exchanges of Turkiye, we highlighted the importance of the Shusha Turkish Business …

The delegation led by Deputy Chairman of the Government of the Ryazan Region of the Russian Federation Artem Nikitin has visited the Export and Investment Promotion Agency – AZPROMO. Head of AZPROMO Yusif Abdullayev highlighted the activities and main goals of the agency, the favorable business and investment environment created …