Economy

Azerbaijan Food Safety Agency and relevant agencies are taking joint measures to lift restrictions on the tomatoes and apple export from Azerbaijan to Russia. As part of the negotiations, the Agency has officially submitted the necessary information about 275 tomato and 37 apple production and exporting companies operating in the …

Two export trains which arrived in Azerbaijan from Turkey and China were transshipped at the Baku International Sea Trade Port (Port of Baku) on Feb.6, a source in the port told Trend. According to the source, the third export train also arrived at the port. “The train transporting medical and …

Azerbaijan’s energy providing company Azerenergy is reconstructing the country’s largest vital substation Absheron with the capacity of 500/330/220 kV, the company’s press service has reported. The reconstruction work started a few months ago at the substation, and has involved upgrading of the equipment of 500, 330 and 220 kV outdoor switchgear …

The Caspian Energy Club expands its activities in Russia. In order to implement this project, the Caspian Energy Club has put up for sale an equity interest in Caspian Energy Russia. This was said by Chairman and CEO of the Caspian Energy Club Telman Aliyev. As part of the package …

“In 2020, the Shah Deniz field produced around 18.1 billion standard cubic metres (bcm) of gas and 3.6 million tonnes (29 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms,” BP Azerbaijan told AZERTAC According to BP Azerbaijan, the existing Shah Deniz facilities’ …

The State Oil Company of Azerbaijan Republic (SOCAR)’s subsidiary Heydar Aliyev Oil Refinery has signed two Engineering, Procurement and Construction contracts with Tecnimont S.p.A. and KT-Kinetics Technology S.p.A., the subsidiaries of Maire Tecnimont S.p.A., as a part of the Modernization and Reconstruction of SOCAR Heydar Aliyev Oil Refinery in Baku, …

Azerbaijan and Japan have discussed the development of the green energy concept for the liberated territories. During the meeting held between Azerbaijan’s Energy Ministry and the representatives of Japanese company TEPSCO in videoconference format, the sides discussed the Japanese practice in the establishment of green energy zones and “smart cities”. …

The first China-Azerbaijan container block train of 2021 has departed from China, a source in ADY Container LLC, affiliate of Azerbaijan Railways CJSC told Trend on Feb.1. According to the source, despite the COVID-19 pandemic difficulties in the global supply chain, including the lack of containers, ADY Container was able …

The export of tomatoes from Azerbaijan to Kazakhstan has been resumed, the Azerbaijani Food Safety Agency told Trend on Jan. 29. “The consistent measures towards lifting restrictions on the export of tomatoes from Azerbaijan to the Republic of Kazakhstan are being taken,” the message said. “As a result of negotiations …

The Caspian Policy Center (CPC) has hosted a panel of experts to discuss the significance of the Southern Gas Corridor (SGC) project, future energy infrastructure developments, decarbonization efforts, and regional integration. “The completion of the SGC comes at an interesting time of changing energy markets and increased focus on addressing …