Economy

The 1st Azerbaijan-Turkey Energy Forum has been held in Baku. The Forum was co-chaired by Azerbaijani Energy Minister Parviz Shahbazov and Turkish Minister of Energy and Natural Resources Fatih Donmez. The two-day forum was organized within the framework of the Joint Intergovernmental Commission on Economic Cooperation between Azerbaijan and Turkey …

BP has started drilling the second Shallow Water Absheron Peninsula (SWAP) exploration well. “BP as operator of the Shallow Water Absheron Peninsula advises that the Satti jack-up rig has moved to the Bibi-Heybat prospective area to commence the drilling of the second SWAP exploration well- BHEX01. This follows the abandoning …

Azerbaijani and Russian experts have discussed the development of bilateral future ties in a wide range of spheres, Trend reported on December 20. The discussions took place as part of an international roundtable “Russia-Azerbaijan in a new system of regional security and economic cooperation. Results of the year and prospects”. The roundtable …

Azerbaijan’s State Oil Company (SOCAR) President Rovnag Abdullayev has said that a big filling station is under construction in liberated Shusha city, Trend has reported. Abdullayev noted that the country is building filling stations in Aghdam and Fuzuli regions as well. He added that the first filling station has been built in …

Azerbaijan and Kyrgyzstan will sign a strategic partnership declaration in 2022, Kyrgyz Ambassador Kairat Osmonaliyev told Trend. According to Osmonaliyev, relations between the two countries are reaching a higher level of strategic partnership. “Besides, from 2022 it’s planned to intensify cooperation in all areas, such as education and transport sectors, preparation …

The Karabakh region and East Zangazur will play an important role in the future development of Azerbaijan’s mining industry and metallurgy. AzerGold CJSC Board Chairman Zakir Ibrahimov made the remarks at event entitled “Current problems, reforms and development prospects of the mining industry” held in Baku. He stated that these territories have …

The Caspian Energy Club has held a New Year reception and the international Caspian Business Award 2021 prize presentation ceremony, Chairman and Chief Executive Officer (CEO) of the Caspian Energy Club Telman Aliyev told AZERTAC. Welcoming the participants of the ceremony, Telman Aliyev said: “During the pandemic, we tried to …

Azerbaijani Economy Minister Mikayil Jabbarov and Georgia’s Economy and Sustainable Development Minister Natela Turnava have discussed the potential expansion of trade relations and mutual investment. The discussion took place on the sidelines of the Azerbaijan-Turkey-Georgia business forum that kicked off in Baku on December 14. During the meeting, Jabbarov noted that successful bilateral …

Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has held a number of meetings in the State of Qatar, as part of his visit to the country. During the meeting with First Vice Chairman of Qatar’s Chamber of Commerce and Industry Mohamed …

The Small and Medium Business Development Agency of Azerbaijan has organized an Azerbaijan-Saudi Arabia roundtable on investment cooperation. Addressing the event, chairman of the Management Board of the Agency Orkhan Mammadov and representative of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Zohrab Gadirov spoke about investment opportunities in the …