Economy

Starting this January, İran Air opens Tabriz-Baku-Tabriz flight. The flights will be carried out twice a week, on Mondays and Thursdays by ATR type aircrafts. The flight will take off from Tabriz at 09.40 local time, while return flights from Baku will be operated on the same days at 19.50. …

SOCAR Energy Ukraine, Ukrainian subsidiary of Azerbaijan’s state oil company SOCAR, plans to open up to eight new filling stations in Ukraine in 2019, the company told Trend. SOCAR Energy Ukraine said that currently the main tendency not only in Ukrainian, but also in European filling stations’ market is the …

Heydar Aliyev International Airport has set a new record for passenger traffic volume – last year it served a total of 4.43 million passengers. This is 9 percent higher than in 2017. In 2018, base airlines of the Airport – AZAL and Buta Airways carried 1.89 million and 442,000 passengers, …

Tax audits, which are being held in the Azerbaijani state oil company SOCAR, are the planned on-site inspections, Trend reports referring to a joint statement made by SOCAR and the Azerbaijani Taxes Ministry on Jan. 10. While commenting on the recent information regarding tax audits in SOCAR, both structures emphasized …

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.86 to stand at $62.49.

According to AZPROMO, Azerbaijani entrepreneurs and businessmen will take part in a number of exhibitions to be held in Almaty, Kazakhstan, on November 6-8, 2019. Azerbaijan’s representatives will join the exhibitions of Food Industry – 22nd International FoodExpo, Agriculture – 14th International Agroworld Exhibition, Logistics – 4th International ColdChain Exhibition, …

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.06 to stand at $59.63.

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude rose $1.42 to stand at $59.69.

Azerbaijan will open a trading house in Dubai, the UAE on January 10, Azerbaijan’s Ministry of Economy said. The trading house is created to support the promotion of Azerbaijani goods under the ‘Made in Azerbaijan’ brand in Dubai, and engage in marketing research, participation in exhibitions and other activities related …

The milestone was achieved at the end of December, exactly 12 years after we first announced the start-up of commercial gas production from the field and start-up of operations of the South Caucasus Pipeline. First production from the field announced on 15 December 2006 marked the start of Stage 1 …