Economy

Import and export operations between Azerbaijan and Ukraine made up $519 million in January- July of this year, according to Ukraine`s State Statistical Committee. Exports from Azerbaijan to Ukraine reached $273 million, while imports amounted to $246 million in the first seven months of 2020, official figures suggest. Ukraine is …

“The creation of new generating capacities is a manifestation of our overall development. The modernization of our energy system is consistent with the overall development of our country, and all this work is carried out in a planned manner,” President Ilham Aliyev said at a meeting with power engineers following …

During January-July of this year, the alcoholic and non-alcoholic beverages and vinegar valued at $ 7 373,21 thousand were exported from Azerbaijan, the State Customs Committee told “APA-Economics”. The value of the export has decreased by 57.5% as compared with the relevant period of the last year. During the initial seven …

During the second quarter of the year, Azeri-Chirag-Gunashli (ACG) continued to safely and reliably deliver stable production. Total ACG production for the six months of 2020 was on average 498,000 barrels per day (b/d) (about 91 million barrels or 12 million tonnes in total) from the Chirag (38,000 b/d), Central …

As part of the Online Business Tour, the members of the Caspian Energy Club virtually visited the bread production plant “Çörəkçi” owned by Delta Group, said Chairman and CEO of the Caspian Energy Club Telman Aliyev. During the Online Business Tour, Ilkin Shabanov, Executive Director of Delta Group C.O. LLC, …

In July of this year, oil transit via pipeline from the territory of Ukraine increased by 27,1% (up to 1.3 mln. tonnes) in comparison to the related period of the previous year, APA-Economics reports citing the operator of the main oil pipeline system of Ukraine Ukrtransnafta.   In addition, last month …

“It is three days that the Sumgait Ethylene-polyethylene factory has been suspended for periodic repair. Currently, the factory is not functioning and the fire didn’t break out in the framework of the production process”, deputy head of the public relations and events’ organization department of SOCAR Ibrahim​ Ahmadov told APA. He …

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.47 to stand at $44.36.

An Azerbaijani-Chinese online business forum has been held, press service of the Ministry of Economy has told AZERTAC. The forum, jointly organized by Azerbaijan’s Trade Representative office in China and the Investment Promotion Agency of the Chinese Ministry of Commerce (CIPA), involved about 100 entrepreneurs and officials from both sides. Speaking …

Azercosmos OJSC delivered services (satellite and telecom services) worth $21.5 million to 27 countries in January-June of this year, which is 16 percent more compared to the same period last year, according to the July edition of the “Export Review” magazine published by the Center for Analysis of Economic Reforms …