Economy

First gas-condensate reserves were found at a depth of 7189 meters in an exploration well drilled on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea. Herewith the logging and drilling of the Fasila stratum of the field was successfully completed. To define the exact volume of hydrocarbon …

Russian Red Wings airline plans to launch flights to Azerbaijan, Kazakhstan and Uzbekistan after situation with COVID-19 stabilizes, the head of the airline Yevgeny Klyucharev said in an interview with Russian media, Trend reports. “We have received a large number of appointments for flights from Koltsovo Airport (Yekaterinburg, Russia) to …

Food systems need to produce enough safe food for all. To this end, FAO has initiated a three-year project to amplify support for food safety controls in five countries: Azerbaijan, Kyrgyzstan, Republic of Moldova, Tajikistan and Turkey. The project includes regional and national components and was launched at a high-level …

Azerbaijani and Russian entrepreneurs have held a business meeting to discuss export opportunities. The meeting also highlighted the Azerbaijani products to be on display at the international exhibition of construction and building materials “MosBuild 2021” to be held in the Russian capital from March 30 to April 2.

Turkey, Iran and Libya were Azerbaijan’s major trading partners among OIC countries in January-February of this year, according to the State Customs Committee. The bilateral trade with Turkey made $541.1 million, while it amounted to $67 million with Iran and $13.5 million with Libya, according to official figures. The trade …

Deputy Chief of the Main Department for Operation and Maintenance of the Azerbaijan Automobile Roads State Agency Hidayat Rustamov has taken part in the traditional Online Round Table organized by the Caspian Energy Club. Topical issues and proposals were discussed in the course of the event, Chairman and CEO of …

Southern Gas Corridor, the European Commission’s project to take Caspian Sea gas to Europe, was officially completed last month, securing Azerbaijan’s position as a reliable energy provider to Western countries. The Southern Gas Corridor is expected to strengthen regional stability, as well as economic, political and geostrategic cooperation. The project …

Russian gas will be temporarily transported to Georgia through Azerbaijan, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR told Trend. “Temporary repair work is underway on North Caucasus-Transcaucasia pipeline. For this reason, the Russian side requested Azerbaijan to allow to temporarily transit its natural gas …

Azerbaijan and Georgia have agreed on expanding tourism ties. The two countries are working on a joint tourist package, Trend reported. “Azerbaijan is a strategic partner for Georgia and the two countries have huge tourism potential,” said Georgian Ambassador to Azerbaijan Zurab Pataradze. The Ambassador pointed out that Azerbaijan Airlines (AZAL) …

Azerbaijan and Tajikistan have discussed prospects of cooperation in tourism. The number of Tajik citizens visiting Azerbaijan increased by 50 percent and reached 3,500 in 2019, Trend reported. The Chairman of the State Tourism Agency Fuad Naghiyev stressed that the above figures don’t fully reflect the potential of tourism cooperation between the …