Economy

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 …

Tender for the concession of the port of Chernomorsk in 2021 for foreign investors will be announced, said Vladislav Krikliy, Ukrainian Minister of Infrastructure, APA-Economics reports citing The Odessa Journal. According to him, Within the framework of this concession, it is planned to attract investments in the amount of UAH 150 million …

“Based on the agreement between Ministries of Defense of Azerbaijan and Russia, it is 4 years now that the Sea Cup contest is held in Baku, at the premises of the Navy Forces”, said the commander of the Navy Forces (NF), rear admiral Subhan Bakirov at the press conference held …

“I hope to develop  economic relations between Azerbaijan and Iran”, newly appointed ambassador of Iran to Azerbaijan Seid Ali Mousavi wrote on Twitter, APA reports. “On August 21, as an ambassador of the Islamic Republic of Iran I came to the friendly and brotherly Republic of Azerbaijan. The will of the leaders …

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, …