Economy

The award ceremony of the prestigious Sky Travel Awards 2019 has been held in Moscow on the sidelines of the 4th International SKYSERVICE 2019 Forum. Heydar Aliyev International Airport is recognized as the best airport with a passenger traffic of less than 10 million, according to travel bloggers. Bloggers rated …

The Ministry of Transport, Communications and High Technologies has properly fulfilled the duties assigned to it within the framework of the Formula 1 Azerbaijan Grand Prix 2019, which will be held in Baku on April 26-28, the ministry said. “The ministry has taken all the necessary measures to provide the …

Azerbaijan Airlines in-flight magazine received the “National Heritage” award of the Azerbaijan Ministry of Culture for its merits in the promotion of Azerbaijan’s cultural heritage. The award was handed out at the presentation of the book “Stone Guards” of the IRS series, prepared by the IRS Publishing House, and was …

Dedicated to the 96th anniversary of national leader of Azerbaijan Heydar Aliyev, the 4th SOCAR International Caspian and Central Asia Downstream Forum: Trading, Logistics, Refining, Petrochemicals has got underway in Baku. Addressing the event, Minister of Energy of Azerbaijan Parviz Shahbazov, Minister of Ecology and Natural Resources Mukhtar Babayev, First …

“Trade between Azerbaijan and Iran increased 4.5 percent in the first two months of 2019,” said Azerbaijan`s Minister of Economy Shahin Mustafayev. He noted that the bilateral trade saw a 74 percent increase in 2018.

Azerbaijan Airlines (AZAL) has held a presentation of its new regular Baku-Almaty-Baku route for travel operators and agents of Kazakhstan in Almaty. In his opening remarks, head of the AZAL Marketing and Production Department Fuad Yusifov noted that the new destination of the national Airline was very successful, and with …

An Azerbaijan-Austria business meeting has been held in Baku organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) in partnership with the Ministry of Economy, The event brought together more than 20 Austrian businessmen from the fields of energy, machine building, ICT, food, banking, pharmaceutical and other sectors. Addressing …

6th generation semi-submersible drilling rig Heydar Aliyev under Caspian Drilling Company’s (CDC) management sat Caspian Sea record while drilling ABD-001 well on Absheron field where JOCAP (Joined Operating Company Absheron Petroleum a JV SOCAR Absheron 50% – TOTAL E&P Absheron 50%) is operator. On April 15 at 13:00 the well …

BP as operator of the Azeri-Chirag-Gunashli (ACG) oil and Shah Deniz gas fields in the Caspian Sea announced today a $500 million extension to its drilling and engineering contract in Azerbaijan. The new contract has been awarded to the Turan Drilling & Engineering Company LLC which is a KCA Deutag …

Azerbaijan’s national air carrier has held a presentation in Riyadh entitled “Azerbaijan through the eyes of a falcon”, which presented new routes of Azerbaijan Airlines to a number of cities in Saudi Arabia. The event was attended by a delegation of AZAL, led by Vice-President Eldar Hajiyev, representatives of the …