At the Baku Energy Forum, SOCAR Vice-President Afgan Isayev emphasised the urgent need to establish a consortium among Caspian Sea countries to address the region’s complex logistics and lack of access to open seas, Azernews reports. “Logistics remains one of the key challenges facing Azerbaijan,” A. Isayev stated. “We do not have …
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In recent years, Azerbaijan has focused on harnessing its economic potential and promoting export-oriented agricultural production. These efforts have led to significant progress in the development of traditional agricultural sectors. The modernization of infrastructure, better utilization of labor resources, and the effective use of natural resources have allowed for increased …
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This week, the average prices of Azeri LT CIF, Azeri Light FOB Ceyhan, and Dated Brent crude oil increased, while the average price of Urals (EX NOVO) crude oil saw a decline, Azernews reports. The average price of Azeri Light crude oil, based on CIF from Azerbaijan’s Azeri-Chirag-Gunashli field, rose by $0.1 …
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A joint meeting of the Economic Council and the Supervisory Board of the Azerbaijan Investment Holding was chaired by Prime Minister Ali Asadov. The agenda covered discussions on the current situation, key indicators, and prospects in the country’s oil and gas sector. Topics included the long-term development plans of SOCAR …
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On January 27, President of the Republic of Azerbaijan Ilham Aliyev received Jonathan Missner, Co-Founder and Board Member of the Israel Economic Forum, Azernews reports. President Ilham Aliyev emphasized that, as has been the case throughout history, representatives of various religions and faiths, including the Jewish community, live today in an atmosphere …
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A joint working group in the energy sector will be established between Iran and Azerbaijan. Azernews reports that Iran’s Oil Minister, Mohsen Paknejad, made this announcement during a meeting with Azerbaijan’s Deputy Prime Minister, Shahin Mustafayev, in Tehran on January 21. Paknejad stated that the joint working group would facilitate technical-level …
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On November 13, the Ministry of Economy will organize a High-Level Session with the World Economic Forum on the topic “The Power of Collaboration: Uniting Forces for Net Zero,” Azernews reports. The event will take place in Baku from today until November 22, as part of the 29th session of the Conference …
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The next meeting of the Working Group, established by the Antimonopoly and Consumer Market Control State Service under the Ministry of Economy, was held to discuss the implementation of the tasks outlined in the Action Plan for the “State Programme for the Adaptation of the National Standardisation System to International …
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In 2023, the “Azerigas” Production Union of the State Oil Company of Azerbaijan (SOCAR) constructed gas pipelines in 24 settlements across territories liberated from occupation, Azernews reports, citing the company. As part of the “State Program on the Great Return to the Territories Freed from Occupation of the Republic of Azerbaijan,” gas …
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In line with President Ilham Aliyev’s strategy to expand “green energy” sources and increase the share of renewable energy in the energy system to 30 percent by 2030, “AzerEnergy” has begun implementing a comprehensive action plan, Azernews reports, citing “AzerEnergy.” By 2028, the plan aims to increase the capacity of solar and …
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