Economy

Within the framework of the visit of the Azerbaijani delegation to Italy, discussions will be continued in the direction of realization of mutually beneficial opportunities. Azernews reports that Economy Minister Mikayil Jabbarov said this in his account on the “X” social network. He noted that he had a meeting with …

The forecasted cash generation of the State Oil Company of Azerbaijan (SOCAR) of around 2 billion manats ($1.176 billion) over 2024-25 should be sufficient to cover estimated debt maturities of 9.3 billion manats ($5.47 billion) over this period, according to the rating action of the Moody’s international rating agency, according …

“China resolutely supports the peace agenda proposed by Azerbaijan and considers counterproductive geopolitical intrigues aimed at maintaining confrontation,” said the “Joint Declaration of the Republic of Azerbaijan and the People’s Republic of China on the establishment of a strategic partnership adopted on July 3 in Astana. According to the document, …

In the first quarter of this year, “SOCAR Ukraine,” a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR) in Ukraine, was the leading company in terms of tax payments from fuel sales, Azernews reports, citing “Unian”. This was revealed in a study conducted by specialists from the Ukrainian …

bp has announced four new appointments to its business leadership team in the Azerbaijan, Georgia, and Türkiye (AGT) regions, Azernews reports. “These changes are part of bp’s continual commitment to safe and reliable operations in the region, as well as to the development of its national staff and workforce involved in its …

The Western Azerbaijan Society expresses regret over the biased views expressed by Volker Türk, the UN High Commissioner for Human Rights, regarding the events that occurred in September 2023, Azernews reports. The Western Azerbaijan Society criticizes Volker Türk for adopting double standards on human rights issues, neglecting the issue of the return …

bp has started to use cutting-edge drone technology to carry out tank inspections on its assets in the Caspian Sea, Azernews reports. For the first time, the company has utilised the Elios 3 drone to conduct an empty tank inspection on the Shah Deniz Alpha platform. This is a groundbreaking move towards …

Hosting one of the largest UN events, the 29th session of the Conference of the Parties to the Framework Convention on Climate Change marks a significant achievement for Azerbaijan. This success stands as a cornerstone in Azerbaijan’s foreign policy, rivalled only by its leadership in the Non-Aligned Movement and membership …

President Ilham Aliyev’s visit to Egypt strengthened the foundations for mutual relations and cooperation between Baku and Cairo, which aims at covering almost all business spheres. It is necessary to remind that the meeting of the Joint Intergovernmental Commission on economic, technical, and scientific cooperation between Azerbaijan and Egypt took …

Ulrich Lenarts, Deputy Director for Environment, Climate Policy, and Cooperation at the Belgian Federal State Service for Foreign Affairs, Foreign Trade, and Development, addressed ADA University during the “Opportunities and Challenges for Climate Action: European and Regional Perspective” event, Azernews reports. He commended Azerbaijan’s COP29 team for their earnest commitment to combating …