Economy

“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 …

Azerbaijani Foreign Minister Jeyhun Bayramov and new Turkmen ambassador to Azerbaijan Gurbanmammet Elyasov discussed the significance of the work for the approval of the Convention on the Legal Status of the Caspian Sea. The ambassador presented a copy of his credentials to Minister Jeyhun Bayramov. During the meeting, Bayramov congratulated …

Azerbaijani satellite operator Azercosmos and Swiss Signalhorn company have signed a cooperation agreement, Azernews reports per Azercosmos. According to the agreement, Signalhorn has already started providing Internet services at sea via the European broadcast beam of the Azerspace-1 satellite. The resources of the Azerspace-1 satellite are transferred to cruise ships …

Azerbaijan’s Deputy Minister of Energy Elnur Soltanov has met with a delegation led by Deputy Minister of Energy and Natural Resources of Turkiye Alparslan Bayraktar. Touching upon the bilateral and regional benefits of energy cooperation between the two countries, the sides discussed global energy projects such as the Baku-Tbilisi-Ceyhan (BTC) …

“We have familiarized ourselves with the activity of the modern textile clusters in Tashkent and met with the chairman of the “Uztekstilprom” Association, Ilhom Haydarov and chairman of the “Uzbekipaksanoat” Association Bahrom Sharipov,” Azerbaijan’s Economy Minister Mikayil Jabbarov said on Twitter. “We have also held fruitful discussions on the benefits …

Azerbaijan Export and Investment Promotion Agency (AZPROMO) has hosted a meeting with Ambassador of Kazakhstan to the country Serzhan Abdykarimov. During the meeting, the sides exchanged views on prospects for expanding trade and economic partnership, development of relations between the businessmen of both countries, as well as the establishment of …

Chairman of the Board of Azerbaijan’s Small and Medium Business Development Agency (KOBIA) Orkhan Mammadov has met with Ambassador of Poland to the country Rafal Poborski. During the meeting, the sides exchanged views on cooperation opportunities in the field of SMEs, including joint projects and initiatives.

Azerbaijan`s First Deputy Minister of Economy Elnur Aliyev has met with Assistant Minister of Foreign Affairs of the Arab Republic of Egypt for European Affairs Ihab Talaat Nasr to discuss prospects for expanding economic-trade and investment cooperation between the two countries. Deputy Minister Elnur Aliyev stressed the importance of expanding …

Turkiye intends to extend the contracts on the purchase of natural gas from Russia, Azerbaijan, and Iran, Energy Minister Fatih Donmez has said, Azernews reports, citing TASS. “Our main suppliers are Russia, Azerbaijan, and Iran. We intend to extend our contracts with them for a new term. We are seeking …