Economy

Azerbaijan is Georgia`s fourth largest foreign trade partner, with the bilateral trade between the two countries totaling $932.7 million in January-November of 2019, Georgia`s National Statistics Service said. For this period, Azerbaijan`s share in Georgia`s economy made up 8.1 percent. Georgia exported goods worth $444.6 million to Azerbaijan, while Azerbaijan …

The bilateral trade between Azerbaijan and Ukraine exceeded $765 million in January-November 2019, increasing $40 million compared to 2018, according to Ukraine`s State Statistical Committee. Official figures suggest that exports from Azerbaijan to Ukraine reached $429.9 million, while imports amounted to $334.1 million last year. Ukraine is Azerbaijan`s second largest …

BP and its co-venturers in the Azeri-Chirag-Gunashli (ACG) project – SOCAR, Chevron, INPEX, Equinor, ExxonMobil, TPAO, ITOCHU, ONGC Videsh Ltd (OVL) – today presented a book which represents major research into the 25-year history of Azerbaijan’s new oil era. The book marks the 25th anniversary of the signing of the …

Director General of Azerigaz Production Union (PU) Ruslan Aliyev has met with top managers of the Caspian European Club member companies at CEO Lunch. Addressing the event, the Director General said that ongoing provision of gas supply in Azerbaijan is a part of the social policy implemented by the country’s …

Some 291 million tons of profit oil have been produced in the Azerbaijani sector of the Caspian Sea at the Azeri-Chirag-Gunashli (ACG) oil and gas fields block by December 1 of this year, said first vice-president of SOCAR (State Oil Company of Azerbaijan), academician Khoshbakht Yusifzade. “The ACG project participants …

The Azeri-Chirag-Gunashli (ACG) filed has produced 498 million tons of oil so far, first vice-president of State Oil Company of Azerbaijan Khoshbakht Yusifzade said. The SOCAR official noted that the Azeri-Chirag-Gunashli and Shahdeniz fields account for the major part of oil and gas produced in the country. “70,000 tons of …

A document has been signed between Turkey and Azerbaijan in order to further develop international car transportation between the two countries, Head of the Public Relations department of Azerbaijan’s State Road Transport Service Nurida Allahyarova said, Trend reports on Dec. 10. In connection with the fulfillment of the requirements of the bilateral …

Caspian Energy Kazakhstan, an exclusive partner of the Caspian European Club and Caspian Energy, has organized CEO Lunch Almaty. This news was announced by First Deputy Chairman and Group CEO of the Caspian European Club and Caspian Energy Telman Aliyev. Delivering a welcoming speech at CEO Lunch Almaty, Consul of …

Heydar Aliyev International Airport has compiled a rating of the most punctual airlines in November 2019. Several airlines – Etihad Airways, Iraqi Airways, Lufthansa, Kuwait Airways and China Southern – achieved the highest rate of 100% punctuality when departing from Baku. Aeroflot, UIA (International Airlines of Ukraine), Iran Air, flyNAS, …

Member of the Grand National Assembly of Turkey, head of the Turkey-Azerbaijan inter-parliamentary friendship group Samil Ayrim has praised the significance of the TANAP as the gas pipeline`s Europe link was inaugurated in Edirne, Turkey. He said the launch of the pipeline once again brought the region to the forefront …