Tax incentives have been introduced to entrepreneurs engaged in agriculture and agro-processing sectors, Azernews reports, referring to the State Tax Service (STS) under the Ministry of Economy of Azerbaijan. The aim of tax incentives is to replace imported products, optimize cost and reduce prices. “As it is known, against the …
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Switzerland eyes to develop co-op with Azerbaijan through Middle corridor
Switzerland is interested in the development of cooperation with Azerbaijan through the Middle corridor, Head of Bilateral Economic Relations Division of the Swiss State Secretariat for Economic Affairs (SECO) Erwin Bollinger told Trend. “There is a lot of potentials. This corridor will shorten the way of supplies from East to West,” …
Read More »Scientists invent new method for cleaning Caspian Sea from oil products
Since about 70 percent of the earth’s cover is water, it is undoubtedly becoming one of the world’s greatest resources. It is an important element for both domestic and industrial purposes and is used in almost all areas and processes of human activities. Nevertheless, a closer inspection of the planet’s …
Read More »MoU on technical support for development of Azerbaijan’s electric power sector to be signed
Azerbaijani Deputy Minister of Energy Samir Valiyev has met with a delegation led by Catarina Bjorlin Hansen, EBRD Regional Director for the Caucasus. The sides discussed the current cooperation and future prospects for the development of electric energy, renewable energy and energy efficiency. The implementation status of the projects implemented …
Read More »Output from Azeri-Chirag-Guneshli offshore deposit hits 114m barrels
The total production of Azerbaijan’s Azeri-Chirag-Guneshli (ACG) block of fields has amounted to 114 million barrels during the three quarters of 2022, bp Azerbaijan told Azernews. From January to September, the total production from the block of fields amounted to 418,000 barrels per day. Of this, the Chirag field accounted …
Read More »Azerbaijan’s Energy Minister: As all OPEC plus decisions, the final agreement also serves to balance the market
“In recent days, there have been different opinions that the decision of OPEC plus to cut daily oil production by 2 million barrels since November will lead to a deficit in the oil market. I believe that OPEC plus, as always, this time adopted such a decision in order to …
Read More »Azerbaijan`s energy minister highlights balancing of oil market and development of green energy at Russian Energy Week
Azerbaijan`s Minister of Energy Parviz Shahbazov has participated in the “New Challenges, New Opportunities: What’s in Store for the Oil and Gas Market?” Plenary Session at the Russian Energy Week International Forum. The minister shared his views on the balancing of the global oil market and the development of green …
Read More »Istanbul hosts 2nd Azerbaijan-Turkiye Energy Forum
Istanbul has hosted the 2nd Azerbaijan-Turkiye Energy Forum, co-chaired by Azerbaijani Minister of Energy Parviz Shahbazov and Turkish Minister of Energy and Natural Resources Fatih Donmez. The forum was preceded by a bilateral meeting between the energy ministers of both countries. The meeting reviewed the activities of working groups on …
Read More »ICAO praises Azerbaijan’s aviation safety
From 1 to 8 June this year, the International Civil Aviation Organization (ICAO) conducted another large-scale audit of ICAO Coordinated Validation Mission (ICVM) for compliance with international safety standards of civil aviation in the Republic of Azerbaijan under the Universal Safety Oversight Audit Programme (USOAP). During the audit, compliance with …
Read More »International Astronautical Federation`s flag presented to Azerbaijan
The 73rd International Astronautical Congress (IAC), hosted by France, has today ended. The event, organized under the motto “Space for All”, was attended by more than 9,300 delegates from 110 countries. At the closing ceremony, Sameddin Asadov, chairman of the Board of Azercosmos, made a presentation on the 74th International …
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