Economy

Iranian Oil Minister Javad Owji has said that Iran, Azerbaijan and Turkmenistan have reached agreements to double the amount of natural gas swap under the deal reached in November, Azernews reports. Owji said that Iran, Turkmenistan, and Azerbaijan had almost finalized agreements for doubling the volume of gas mentioned in …

Azerbaijan’s Economy Minister Mikayil Jabbarov and Romania’s Energy Minister Virgil Daniel Popescu have discussed the development of economic relations, Azernews reports, citing the Economy Ministry. During the meeting, the parties discussed the development of partnerships in such areas as energy, transport, trade, as well as SOCAR’s activities in Romania. The …

Azercosmos under Azerbaijan’s Ministry of Digital Development and Transport has signed a Protocol of Intent with GTD Ingenieria de Sistemas, Spain’s aerospace, defense and security company. The document lays the foundation for cooperation in mutually beneficial space projects. According to the Protocol of Intent, Azercosmos together with GTD Ingenieria de …

As part of the Baku Energy Week, Azerbaijan`s Energy Minister Parviz Shahbazov has met with Undersecretary of State at the Ministry of Ecological Transition of the Italian Republic Vannia Gava and Energy Minister of the Republic of Kazakhstan Bolat Akchulakov. At the meeting with Undersecretary of State Vania Gava, the …

Azerbaijan`s Minister of Energy Parviz Shahbazov has held a number of meetings on the sidelines of the Baku Energy Week. At the meeting with Virgil-Daniel Popescu, Minister of Energy of Romania, discussions were held on the supply of natural gas and oil from Azerbaijan, as well as on the Black …

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 …