Economy

The bilateral trade betweeen Azerbaijan and Belarus exceeded 313 US dollars last year, which is 86 million US dollars more than in 2019, according to Belarus State Statistics Committee. Imports from Belarus to Azerbaijan made 148.2 million US dollars, while exports from Azerbaijan to Belarus totaled 165 million US dollars, …

Global natural gas output fell 3.6% in 2020 but still outstripped consumption as the pandemic hit demand and prices, consultancy Rystad Energy said on Monday, according to Reuters. Output fell to 3,918 billion cubic metres (bcm) with North American production hardest hit, Rystad Energy estimates showed, lower than a previous …

Azercosmos, operator of the Azerspace-1 & Azerspace-2 satellites and Belgian satellite service provider SatADSL have inked a partnership agreement. Under the new agreement, SatADSL, thanks to its Cloud-based Service Delivery Platform (C-SDP), will provide accessible and reliable internet access using the Central Asian beam of the Azerspace-1 satellite. SatADSL’s ready-to-use …

The volume of Azerbaijan’s gas exports increased by 16.9 percent to 13.8 billion cubic meters in 2020, Energy Minister Parviz Shahbazov said during the government session to sum up the results of 2020. Shahbazov linked the increase in gas exports to the Southern Gas Corridor project. It should be noted …

Embassy of the US in Baku expressed congratulations to Azerbaijan on the historic completion of the Southern Gas Corridor (SGC), Trend reports citing the embassy. The embassy noted that the SGC delivers Azerbaijani gas directly to Europe, while also boosting Azerbaijan’s economic growth. “The US has consistently championed Azerbaijan’s contributions …

In the near future, it is planned to start construction of a road bridge on the Azerbaijani-Iranian border, which will be carried out within one year, the Ministry of Transport, Communications and High Technologies of Azerbaijan told Trend. According to the ministry, at the end of 2019, the construction of …

Azerbaijani gas has reached Italy through the Trans Adriatic Gas Pipeline (TAP), Turkish Foreign Ministry said on Friday, according to Anadolu Agency. “Southern Gas Corridor has become operational,” the ministry said on Twitter. “A new chapter has been opened in Turkey’s contribution to energy supply security of the rest of …

Azerbaijan increased trade turnover with Belarus by 33.2 percent during the period of January-November 2020, the State Customs Committee has reported. During the reported period, the trade turnover between the two countries amounted to $262.1 million. Of total turnover, Azerbaijan’s export to Belarus amounted to $162.8 million, while import from …

The main goal of the construction of the airport in Azerbaijan’s Fuzuli district is primarily aimed at increasing passenger transportation in the direction of the liberated territories, Ilgar Velizade, head of the South Caucasus Political Scientists Club, told Trend. “After the opening of a new airport in Fuzuli, it will be …

Al Arabiya TV Channel has broadcast a program highlighting Azerbaijan’s first direct gas deliveries to Europe from the Shah Deniz field in the Caspian Sea. The program, citing the statement by the Shah Deniz consortium led by British oil giant BP, said: “Gas from the field had arrived via the …