Oval Useful news from Azerbaijan and Caucasus

By Leman Mammadova As many as 60,000 tons of sheep wool was exported to Russia through Azexport portal of the Center for Analysis of Economic Reforms and Communications, Azertac reported. Official figures show that over the past 10 years, wool has not been exported from Azerbaijan to Russia. It should …

During eleven months of 2018, Heydar Aliyev International Airport served 4.1 million passengers. This indicator exceeds the same indicator of the previous year by 9 percent. National air carrier Azerbaijan Airlines (AZAL) carried 1 million 756,000 passengers, while national low-cost airline Buta Airways – 411,000 passengers. 3.54 million passengers (86 …

Azerbaijan has invested $14.3 billion in Turkey’s economy, of which $12.8 billion was invested in the oil sector, while $1.5 billion – in the non-oil sector, Trend reports citing acting president of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev as saying. Abdullayev made the remarks at the …

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $62.73 per barrel at the Italian port of Augusta on Dec. 10, or $1.81 less than on Dec. 7, a source in Azerbaijan’s oil and gas market told Trend Dec. …

By Leman Mammadova Poland hopes for new investment projects with Azerbaijan, Poland’s Ministry of Entrepreneurship and Technology told Trend. The ministry noted that the Poland-Azerbaijan Business Forum is planned to be held in the first half of 2019. “It will accompany the session of the Polish-Azerbaijani economic commission. We hope that …

The first “AgTech and Green Energy international forum” on agrarian technologies and green energy has kicked off in the capital of Azerbaijan, Baku. Co-Organized by the ministries of Agriculture and Energy of Azerbaijan, the Forum is being hosted at ADA University. Vice-president of the Heydar Aliyev Foundation, Goodwill Ambassador of …

By Narmina Mammadova Azerbaijan’s telecommunications satellite Azerspace-2 will reach its target orbit – 45 degrees east longitude – in January 2019, Azercosmos OJSC told Trend. According to the company, at present the satellite is in the transfer orbit and is approaching the test orbit every day. According to preliminary data, Azerspace-2 …