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Tag Archives: economy

Azerbaijan Energy Ministry holds regular board meeting


The regular board meeting was held under the chairmanship of Azerbaijan Energy Minister Parviz Shahbazov, with the participation of board members, representatives of structural units of the ministry, and subordinate institutions, Azernews reports. The Ministry informed that the chairman made a speech and said that important measures for the future development of …

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SOCAR, BP to cooperate to reduce methane emissions


On December 15, the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan announced a joint initiative to reduce methane emissions in Azerbaijan. The collaboration is part of the Advancing Global Methane Reduction (AGMR) initiative, which is part of the Methane Guiding Principles (MGP), Azernews reports. The initiative focuses on instigating methane …

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EBRD is ready to support Azerbaijan in organizing COP29

Mikayil Jabbarov

The European Bank for Reconstruction and Development (EBRD) is ready to support Azerbaijan in organizing COP29, Azernews reports, citing EBRD’s First Vice President Jürgen Rigterink telling at the meeting with Azerbaijan’s Economy Minister Mikayil Jabbarov in the United Kingdom. The minister expressed his gratitude to the EBRD for its longstanding and continuous …

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Azerbaijan presents green energy concept at COP 28

green energy

Being one of the main factors affecting surroundings, humankind has tried to adapt the environment according to its needs throughout history. Even in pre-historic times, as humankind spread from Africa to other continents, many local animals and even plants started to go extinct in places where humankind stepped upon them. …

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Baku-Tbilisi-Kars railway to be fully operational next year


The Baku-Tbilisi-Kars railway line is planned to be put into full operation next year, Azernews reports, citing Georgian Vice Prime Minister, Economy, and Sustainable Development Minister Levan Davitashvili. He emphasised that the Trans-Caspian Transport Corridor is an integral part of the Trans-Caspian Transport Corridor and that effective cooperation is being carried out …

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