Economy

Makhachkala-Baku and Makhachkala-Tehran direct flights are planned to be launched in 2020, Director General of Makhachkala Airport JSC in Russia’s Republic of Dagestan Arsen Pirmagomedov said. “Presently, we are considering the issue of launching direct flights to Iran’s Tehran city and Azerbaijan’s Baku city this year,” Pirmagomedov added, Trend reports referring to …

For the first time in the history of Azerbaijan’s civil aviation, the so-called fifth and seventh freedoms of the air will start operating at all international airports of the country. From January 1, 2020, these degrees of freedom will enable flights from Azerbaijani airports to 40 countries in Europe, North …

“Iran and Azerbaijan are determined to expand the bilateral relations,” Iranian Deputy Minister of Economic Affairs and Finance Ali Mahmud Mousavi has said. He met with businessmen during a visit to Parsabad province. He said the two countries decided to build an industrial town in the province. “Together with Azerbaijani …

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 …