Economy

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 …

A joint statement on the outcomes of the 7th ministerial meeting of the Southern Gas Corridor Advisory Council, held in Baku on the 11th of February 2021 via videoconference, was adopted by co-chairs Azerbaijan’s Minister of Energy Parviz Shahbazov and European Commissioner for Energy Kadri Simson, as well as European …

Azerbaijan and Pakistan feel the comfort level in expectations to each other, it is mainly because both the nations believe in positivity and productivity, said analyst Shazia Cheema, Trend reports with reference to Pakistan Today. She said there are no hidden agendas or bad intentions between the two countries. “Both …

Egypt is interested in participating in future projects in Azerbaijan’s liberated territories, Vice Chairman of Egypt’s Dorra Group of companies for construction and engineering Mohamed Hassan has said. He made the remarks during the meeting with the Chairman of Azerbaijan Small and Medium Business Development Agency Orkhan Mammadov on February 8. …

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’ …