Economy

bp as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project, advises that as part of its ACG annual work program, it is conducting planned maintenance (turnaround-TAR) works on the Deepwater Gunashli platform, Azernews reports, citing bp-Azerbaijan. In accordance with the plan, production from the Deepwater Gunashli platform was suspended …

SOCAR and the French oil and gas company TotalEnergies have closed a deal to each sell 15% of shares in the Absheron gas field development project in the Azerbaijani sector of the Caspian Sea to ADNOC from the UAE, Azernews reports, citing TotalEnergies. The company said that with the closing of the …

On April 15-19, 2024, the largest exhibition of the metallurgical industry, “Tube 2024”, took place in Dusseldorf, Germany. Azerbaijan was represented at this exhibition by the largest and most advanced metallurgical company in the Caucasus, Baku Steel Company CJSC, Azernews reports. At the “Tube 2024” exhibition, where more than 2,600 companies from …

The National Support Centre for Agriculture (KOWR), a Polish governmental agency, supervised by the Minister of Agriculture and Rural Development, will hold an event on April 25 to discuss the possibilities of exporting Polish agricultural products to Azerbaijan, Azernews reports, citing the KOWR. On April 25, KOWR will hold a webinar called …

Azerbaijani Energy Minister Parviz Shahbazov received the delegation of the Asian Development Bank, led by Yevgeny Zhukov, Director General of the Central and Western Asia Regional Department of the Bank, Azernews reports, citing the Ministry. According to information, at the meeting, satisfaction was expressed with the development of long-term mutually beneficial cooperation …

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has earned $78.5 million from the Shah Deniz field (gas and condensate) since the beginning of the current year until April 1, Azernews reports. According to information released by the State Oil Fund of the Republic of Azerbaijan, revenues from the Shah …

Azerbaijan’s tourism potential has been demonstrated at the International Mediterranean Tourism Market (IMTM 2024) in Tel Aviv, Israel. Six local partners, including the Azerbaijan Tourism Board, Azerbaijan Airlines CJSC, and Shahdag Mountain Resort, are representing the country at IMTM 2024, which welcomed 2,200 representatives from 65 countries, Azernews reports. The International Mediterranean …

Azerbaijani Ambassador to Bosnia and Herzegovina Vilayat Guliyev has met with the Serb member of Bosnia and Herzegovina, Željka Cvijanović, and the Prime Minister of the Republic of Srpska, one of the two entities of the country, Radovan Višković, Azernews reports, citing Azertag. During the meeting, the sides hailed the excellent political …

The Intellectual Property Agency earned 1,902,473 manats ($ 1119101.76) in revenue last year, Azernews reports, citing the agency’s report for the year 2023. It was noted that during the reporting year, the state budget received 224 thousand manats ($131764.70) in state fees due to the agency’s provision of services stipulated in the …

Bilge Adam, a large Turkish technology company with more than 27 years of experience in the fields of software development, system integration, and technology services, is coming to Azerbaijan, Azernews reports. The company got acquainted with the local business environment and evaluated cooperation formats within the framework of the visit of 19 …