Economy

Embassy of the US in Baku expressed congratulations to Azerbaijan on the historic completion of the Southern Gas Corridor (SGC), Trend reports citing the embassy. The embassy noted that the SGC delivers Azerbaijani gas directly to Europe, while also boosting Azerbaijan’s economic growth. “The US has consistently championed Azerbaijan’s contributions …

In the near future, it is planned to start construction of a road bridge on the Azerbaijani-Iranian border, which will be carried out within one year, the Ministry of Transport, Communications and High Technologies of Azerbaijan told Trend. According to the ministry, at the end of 2019, the construction of …

Azerbaijani gas has reached Italy through the Trans Adriatic Gas Pipeline (TAP), Turkish Foreign Ministry said on Friday, according to Anadolu Agency. “Southern Gas Corridor has become operational,” the ministry said on Twitter. “A new chapter has been opened in Turkey’s contribution to energy supply security of the rest of …

Azerbaijan increased trade turnover with Belarus by 33.2 percent during the period of January-November 2020, the State Customs Committee has reported. During the reported period, the trade turnover between the two countries amounted to $262.1 million. Of total turnover, Azerbaijan’s export to Belarus amounted to $162.8 million, while import from …

The main goal of the construction of the airport in Azerbaijan’s Fuzuli district is primarily aimed at increasing passenger transportation in the direction of the liberated territories, Ilgar Velizade, head of the South Caucasus Political Scientists Club, told Trend. “After the opening of a new airport in Fuzuli, it will be …

Al Arabiya TV Channel has broadcast a program highlighting Azerbaijan’s first direct gas deliveries to Europe from the Shah Deniz field in the Caspian Sea. The program, citing the statement by the Shah Deniz consortium led by British oil giant BP, said: “Gas from the field had arrived via the …

Bulgaria has begun gas imports from Azerbaijan via the Southern Gas Corridor as planned, providing Sofia with a diversified source of supply and reducing its dependence on Russian imports, Trend reports citing the S&P Global. Deliveries began late on Dec. 31 as supplies via the TAP line to Italy also …

The Southern Gas Corridor, which will supply Caspian gas to Europe via Turkey, will turn Azerbaijan and Turkey into a strategic energy corridor, Murat Akan, international trade operation specialist in Turkey, told Trend. “Natural gas has entered its golden age, because it has gained geopolitical importance and has become a constant …

Georgian Prime Minister Giorgi Gakharia has welcomed the delivery of Azerbaijani gas to Europe via Georgia from the Shah Deniz field as the Trans Adriatic Pipeline (TAP) began operations, according to Agenda.ge news platform. With the Southern Gas Corridor pipeline system, Shah Deniz delivers ‘significant new energy supplies’ to Europe …

Azerbaijan recorded growth in the non-oil industry, production, distribution, and supply of electricity, gas, and steam, agriculture, ICT despite the recession in such sectors as tourism, catering, construction, and oil production amid the COVID-19 pandemic, Vusal Gasimli, CEO of the Center for Analysis of Economic Reforms and Communications (CAERC), said, Trend reports …