Economy

Iran was Azerbaijan’s top export market among the countries of the Persian Gulf in the first month of this year, according to the State Customs Committee. Official statistics suggest that Iran, United Arab Emirates (UAE) and Qatar were the top three export destinations of Azerbaijan among the Gulf countries. The …

Azerbaijan’s Energy Ministry and BP have signed a memorandum of understanding on assessing potential for large-scale decarbonized and integrated energy and mobility systems, including renewable energy projects in Azerbaijan’s regions and cities, the ministry’s press service reported on February 22. “The document signed today provides new opportunities for cooperation with …

Azerbaijan’s export-oriented products are being presented at the International Food Exhibition Gulfood 2021, Economy Ministry has reported. The exhibition opened on February 21 in Dubai, the United Arab Emirates. At the exhibition, Azerbaijani companies working in the food industry will feature their products at a single national stand “Made in Azerbaijan”, organized …

Azerbaijan increased the volume of exports of oil and oil products to Georgia by 10,600 tons in January 2021, Azertag has reported. In January, Georgia imported 10,800 tons of oil and oil products worth $4.7 million from Azerbaijan. In the meantime, Georgia’s natural gas imports from Azerbaijan in January decreased …

Deputy Chairman of the State Customs Committee of the Republic of Azerbaijan Major General Javad Gasimov took part in the traditional Online B2G Forum organized by the Caspian Energy Club. Discussed within the framework of the forum were topical issues and suggestions, said Chairman and CEO of the Caspian Energy …

The second meeting of the Joint Technical Committee between the Ministry of Energy of the Republic of Azerbaijan and the Ministry of Energy of the Kingdom of Saudi Arabia has been held in a video conference format. Head of the committee from Azerbaijani side, Deputy Minister of Energy Kamal Abbasov …

BP and its co-venturers in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz, and South Caucasus Pipeline projects – SOCAR, TPAO, PETRONAS, MOL, LUKOIL, NICO, Equinor, INPEX, ExxonMobil, SGC, ITOCHU, ONGC, TOTAL and Eni – today announced the successful completion of an important educational project in support of capacity-building at Azerbaijan’s leading universities. …

Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with the International Monetary Fund`s (IMF) virtual mission to discuss steps to support economic growth in the country. According to the ministry, the meeting hosted discussions on recent development trends in Azerbaijani economy, prospects for 2021-2022 and the medium term growth, economic …

The Southern Gas Corridor (SGC) is the successful result of years of hard work, Azerbaijani expert-economist Eldaniz Amirov told Trend. According to Amirov, the 7-th meeting of the SGC Advisory Council, held on Feb. 12 through videoconference, was of great importance, as it was the first such meeting after the …

Azerbaijan’s State Oil Company (SOCAR) shipped a batch of 90,000 tons of Azerbaijani oil to Belarus on February 5, local media reported with reference to the company’s Deputy Head of Public Relations Ibrahim Ahmadov. Ahmadov noted that SOCAR Trading signed a contract with Belarusian side for the delivery of approximately …