Economy

Azerbaijan’s energy company Azerenergy is building a large overpass in the sea, Azernews reports per the company. In order to prevent the threat of stopping the operation of the Shimal (North) power plant, which can be triggered by a drop in the water level, work has begun on the construction …

Trade between Azerbaijan and Belarus increased to exceed $160 million in January-July of 2022. Official figures suggest that Azerbaijan exported goods worth $78.9 million to Belarus, while Azerbaijan`s imports from Belarus made $81.3 million in the first seven months of 2022. The trade between Azerbaijan and Belarus in January-December 2021 …

Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, Azernrews reports. According to a direct source, Kazakhstan’s state oil firm Kazmunaigaz (KMG) was in advanced discussions with the trading arm of Azerbaijan’s state firm SOCAR to allow 1.5 million tonnes per year …

Latvia is particularly interested in the fields of construction and other restoration projects in Azerbaijan’s Karabakh, the Ministry of Foreign Affairs of Latvia told Trend. “Latvian Embassy, together with our partners in Riga, is continuing to inform Latvian companies about the process of rebuilding recovered territories – the creation of green …

Belarusian and Russian Railways have launched the transport of goods from Belarus to Azerbaijan by express trains, Azernews reports per Belarus media. The project was launched within the framework of the development of the International North-South Transport Corridor (INSTC). The report says that the project allows to delivery of goods …

The Czech Republic is considering implementing several projects focused on green energy in Azerbaijan in the near future, the Foreign Ministry of the Czech Republic has reported. According to the source, after the publication of ‘Azerbaijan 2030: National Priorities for Socio-economic Development’, several bilateral projects focused on water management, green …

Azerbaijan has exported green petroleum coke to China, Azernews reports, citing ADY Container. According to the information, the exports were carried out within the framework of cooperation between ADY Container container transportation company and Azeraluminium LLC company in the non-ferrous metallurgy sector. The cargo on the Ganja-Pingyuan route was delivered …

Latvia sees potential for fruitful cooperation with Azerbaijan in the renewable energy sector, Azernews reports, citing the Latvian Foreign Ministry. The ministry noted that the country’s strategic priority in cooperation with Azerbaijan is ensuring investments in sustainable energy capacities, notably wind-and solar-based generation. “There is a huge potential in the …

“The existing Shah Deniz facilities’ production capacity is currently about 70 million standard cubic metres of gas per day or more than 25 bcma,” bp Azerbaijan told AZERTAC. “During the quarter, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Turkey …

Kazakhstan is planning to build fiber-optic communication lines along the Caspian Sea bed to Azerbaijan in the direction of Asia-Europe, Digital Development, Innovation and Aerospace Industry Vice Minister Askhat Orazbek said. He made the remarks during the international forum “Towards a digital Kazakhstan”, Azernews reports. “We intend to move further …