Economy

Azerbaijan and Kazakhstan have discussed the prospects of cooperation in all directions of oil and gas industry. The discussing took place during the meeting of SOCAR President Rovnag Abdullayev with the Chairman of the national company of Kazakhstan “KazMunayGas” Alik Aidarbayev. During the meeting, prospects of wide cooperation between the …

SOCAR Petroleum has put into operation a new petrol station in Salyan region, bringing the number of such stations to 35, the company’s press service reported on September 14. The petrol station is on the Baku-Astara road and will be more convenient to use for drivers travelling from the southern region …

“Deputy Chairman of the Food Safety Agency of Azerbaijan Rashad Mafusov has taken part in the traditional Online B2G Forum organized by the Caspian Energy Club. Challenges and issues, facing top managers and representatives of local and foreign companies during the COVID-19 coronavirus pandemic, and also their suggestions were discussed …

Azerbaijan has transported 8,500 tons of bitumen to Ukraine, ADY Express, subsidiary company of Azerbaijan Railways has reported. Bitumen produced by the State Oil Company of Azerbaijan at the Heydar Aliyev Oil Refinery was delivered to Ukraine in 130 tank wagons from Azerbaijan to Georgia and from there by ferry …

Lithuania might launch direct regular air traffic to Azerbaijan. The country’s Ministry of Transport and Communications of Lithuania has told Trend that opening direct flights to Azerbaijan is one of the priority issues for the ministry. “We are aware of the interest of the Azerbaijani side to continue the process …

The transportation in test mode of the natural gas extracted from Azerbaijan’s Shah Deniz-2 gas and condensate field to Europe via the Trans-Anatolian Gas Pipeline (TANAP) has been launched, APA-Economics reports citing the Turkish press. The gas will pass through the Adriatic Sea via the Trans-Adriatic Gas Pipeline (TAP) connecting to …

Over January-July, 2020, Azerkosmos OJSC delivered services (satellite and telecom services) worth $28.1 million to 27 countries, which is 10,2 percent higher compared to the same period last year, according to the August edition of the “Export Review” magazine published by the Center for Analysis of Economic Reforms & Communications. …

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

During June-July of this year, despite the reduction of production, the revenue obtained by Azerbaijan from the sale of oil increased by about two times compared to April thanks to the OPEC+ agreement, said Ibrahim Ahmadov, deputy head of public relations and events’ organization department of SOCAR in an interview …

In the first semester of this year, Turkey imported from Azerbaijan the greatest volume in quantitative terms – i.e. 5 444,099 mln. cubic meters of natural gas, APA-Economics reports citing the Turkish press. The quantity of gas purchased from Azerbaijan increased by 23,4% compared to the last year. The growth of …