Economy

Azerbaijan and Saudi Arabia have discussed the current status of the construction of the 240 MW Khizi-Absheron wind power plant, which was founded in January 2022, Azernews reports. The discussion took place during the meeting between Azerbaijan’s Energy Minister Parviz Shahbazov and Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman …

Azerbaijani Economy Minister Mikayil Jabbarov has met with Minister of Economic Development of Russia Maxim Reshetnikov. “During the meeting with Minister of Economic Development of Russia Maxim Reshetnikov, we discussed the expansion of the trade relations between our countries, establishment of clusters within the framework of the economic cooperation, holding …

Azerbaijan and Israel have discussed the cooperation in digital economy and innovations sector, Azernews reports. The discussion took place during a meeting between Azerbaijani Center for Analysis of Economic Reforms and Communication Executive Director Vusal Gasimli and Israeli Deputy Ambassador and the Economic and Trade Advisor of the Embassy Doron …

Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with a delegation of the Izmir Chamber of Commerce of Turkiye. During the meeting, KOBIA Chairman of Board Orkhan Mammadov highlighted support and services provided to entrepreneurs. The sides also exchanged views …

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 …