Economy

In 2023, the “Azerigas” Production Union of the State Oil Company of Azerbaijan (SOCAR) constructed gas pipelines in 24 settlements across territories liberated from occupation, Azernews reports, citing the company. As part of the “State Program on the Great Return to the Territories Freed from Occupation of the Republic of Azerbaijan,” gas …

Deputy Economy Minister of Azerbaijan, Anar Akhundov, discussed energy cooperation issues with his Slovakian counterpart, Kamil Shashko, Azernews reports, citing a post shared by the Slovak embassy in Azerbaijan on “X.” “We are satisfied with the results of the bilateral consultations between the deputy ministers,” the embassy stated. It should be noted …

In line with President Ilham Aliyev’s strategy to expand “green energy” sources and increase the share of renewable energy in the energy system to 30 percent by 2030, “AzerEnergy” has begun implementing a comprehensive action plan, Azernews reports, citing “AzerEnergy.” By 2028, the plan aims to increase the capacity of solar and …

Romania is actively supporting Azerbaijan and Kazakhstan in their efforts to enhance the energy security of the European Union (EU), according to Ana Cristina Tinca, State Secretary of Romania’s Ministry of Foreign Affairs. In a recent interview with Trend, as cited by Azernews, Tinca highlighted Romania’s commitment to strengthening ties between …

Aleph, a global network of digital experts and technology-driven solutions, has announced its expansion to the Azerbaijan market by opening a local representation office in Baku (Azerbaijan). This enables an even closer connection between advertisers from Azerbaijan, global brands and the Azerbaijani audience. Aleph is the sales representantive of leading …

Chinese companies have expressed their significant interest in engaging with Azerbaijan’s renewable energy sector, driven by the country’s untapped potential in green energy. Einar Tangen, a senior researcher at the China Globalisation Centre, highlighted that the collaboration could encompass various areas, including the development of green energy corridors, energy storage systems, …

Pakistan and Azerbaijan are advancing their economic and trade relations, focusing on expanding bilateral and multilateral cooperation across various sectors. During a recent meeting at the residence of Pakistan’s Deputy Chairman of the Senate, Syedaal Khan, Azerbaijani Ambassador Khazar Farhadov and Khan discussed strategies to strengthen economic ties and address …

Cooperation on the transportation of Azerbaijani gas through Serbia is set to expand, with activities expected to begin in the coming months. Vitaly Baylarbeyov, Deputy Vice President of the State Oil Company of Azerbaijan (SOCAR), made this announcement during the 8th meeting of the Intergovernmental Commission on Trade and Economic …

During a briefing on the outcomes of the 8th meeting of the Intergovernmental Commission between Azerbaijan and Serbia, Minister of Labor and Social Protection of the Population Sahil Babayev emphasized Azerbaijan’s focus on green energy, Azernews reports. He highlighted that Azerbaijan possesses a green energy potential exceeding 150 GW and aims to …

President of the Republic of Azerbaijan Ilham Aliyev participated in a roundtable on “Energy and Connectivity” as part of the 4th summit of the European Political Community in Oxford, Azernews reports.. The head of state addressed the event. Remarks by President Ilham Aliyev The strategic partnership was defined in Baku in the …