Economy

In an effort to bolster regional connectivity and enhance trade, the railway administrations of Kazakhstan, Azerbaijan, and Georgia have come together to collaborate on the development of the Trans-Caspian International Transport Route (TITR), Azernews reports. As noted by the Kazakhstan Railways (KTZ – Kazakhstan Temir Zholy), a trilateral agreement was signed between …

Telecommunication operators Kazakhtelecom and AzerTelecom have signed an agreement to establish a joint venture for the construction and operation of the Trans-Caspian fiber-optic communication line (FOCL) on the Caspian Sea bed along the route Azerbaijan-Kazakhstan, Azernews reports, citing the press service of the Kazakh company. The document was signed in …

In April 2023, Azerbaijan exported 814 million 775 thousand cubic meters of natural gas to Italy compared to 473 million cubic meters in March, Azernews reports with reference to the statistical office of the European Union – Eurostat. Thus, this figure increased by 1.7 times compared to the previous month. At the …

Co-organized by Caspian Energy Club and the Latvian Chamber of Commerce and Industry, the 16th international Caspian Energy Investment Forum Riga 2023 has been held. The Forum was held in the framework of activities planned to be conducted in 20 countries on the occasion of the 100th anniversary of National …

“10.2 billion cubic meters of gas will be transported to Türkiye and 12 billion cubic meters of gas to Europe via the Trans-Anatolian Natural Gas Pipeline (TANAP) this year, said Azerbaijani Ambassador to Türkiye Rashad Mammamadov. Mammadov noted that TANAP, as one of the most important steps in the successful …

Within the Astana International Forum, Energy Minister Parviz Shahbazov met with Serik Zhumangarin, Deputy Prime Minister of Kazakhstan – Minister of Trade and Integration, co-chair of the Joint Intergovernmental Commission, Azernews reports, citing the Azerbaijani Energy Ministry. It was noted that the visit of the President of the Republic of …

Azerbaijan’s Economy Minister Mikayil Jabbarov has met with Romanian Minister of Energy Virgil-Daniel Popescu. Minister Mikayil Jabbarov stressed the successful development of relations with Romania, the importance of mutual visits and meetings in expanding cooperation. He noted that Azerbaijani-Romanian economic and trade partnership is expanding, the trade turnover is increasing …

“Azerbaijan has increased gas exports to the European energy market up to 40%. Therefore, we express our gratitude to the Azerbaijani side.” According to Azernews,this word said by Cristina Lobillo Brerro, Director of the European Commission Energy Platform Working Group, during her speech at the 28th Baku Energy Forum. “Azerbaijan …

Minister of Energy Parviz Shahbazov met with UK Minister’s Trade Envoy for Azerbaijan Baroness Emma Nicholson, who is on a visit to our country within the Baku Energy Week, Azernews reports, citing Azerbaijan’s Energy Ministry. At the meeting, discussions were held on the development of cooperation between the two countries within the …

As part of his visit to the Kingdom of Saudi Arabia, Azerbaijan’s Minister of Energy Parviz Shahbazov has met with Chairman of the Board of Directors of ACWA Power Mohammad Abunayyan. The meeting discussed the current state of cooperation on the Khizi-Absheron Wind Power Plant with a capacity of 240 …