Economy

Azerbaijan`s Energy Minister Parviz Shahbazov has met with Deputy Assistant Secretary for Bureau of Energy Resources at the US Department of State Laura Lochman, who is on a visit to Azerbaijan within the Baku Energy Week. The sides exchanged views on the progress of the Southern Gas Corridor, the transportation …

Italy was Azerbaijan’s top trade partner in January-April 2022, with a total trade turnover of $5.9 billion between the two countries, Azernews reports with reference to the State Customs Committee. The export of Azerbaijani products to Italy accounted for $5.8 billion of the total turnover, while imports from Italy accounted …

The Caspian Energy Club and the Union of Azerbaijani Businessmen in Georgia (AZEBI) have signed a Memorandum of Cooperation. The document was inked by AZEBI Chairman of Board Nariman Gurbanov and Chairman of the Board and Chief Executive Officer of the Caspian Energy Club Telman Aliyev. The document aims to …

Danish transport and logistics group Maersk has launched an updated rail service that connects China and Europe, Azernews reports. Freight will be transported through Kazakhstan, Azerbaijan, Georgia, Romania, and it will take approximately 40 days to deliver rail freight to its destinations. After passing the border of Khorgos between China …

Belarusian Prime Minister Roman Golovchenko will pay a working visit to Azerbaijan on May 18, Azernews reports citing Belta. “The focus of the visit is concrete and practical. If the Azerbaijani side is not interested in some directions, they have more profitable offers from other states, then we need to …

A delegation of the Azercosmos, Space Agency of Azerbaijan has attended the “Space Technology Conference” held in Tashkent, Uzbekistan on May 10-11. The event, held for the first time in the Central Asian region, was attended by representatives of the region’s space agencies and the international space community. The event’s …

ADY Container LLC, a subsidiary of Azerbaijan Railways, and the Austrian Rail Cargo have signed a memorandum of understanding and cooperation. The memorandum was signed during a meeting between Azerbaijani Railways CJSC chairman Javid Grubanov and Austrian Federal Railways JSC chairman Andreas Matte. Within the framework of the document, the sides will …

Azerbaijan`s Minister of Energy Parviz Shahbazov has left for the United Arab Emirates (UAE) to participate in the World Utilities Congress to be held in Abu Dhabi on May 9-11 at the invitation of Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. As part of the visit, the Minister’s …

Azerbaijan’s Energy Minister Parviz Shahbazov has attended the Ministerial round table on “Southeastern Energy Transition: Regional Cooperation for Energy Security, Diversification and Green Transition” held in Sofia, Bulgaria. Addressing the opening ceremony, Minister Parviz Shahbazov highlighted the energy dialogue with the Union following the meeting between President of Azerbaijan Ilham …

BP’s Executive Vice President – production and operations – Gordon Birrell has arrived on an official visit to Baku, BP Azerbaijan has said. “This is a planned working visit and one of Gordon’s regular trips to Azerbaijan,” the company said. It was noted that during the visit, Birrell will have meetings …