Economy

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 …

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 …