Tag Archives: economy

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 …

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 …

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 …

“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 …

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 …

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 …

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 …

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 …

Azerbaijan and Russia’s Krasnodar region have discussed the development of trade and economic partnership, Azernews reports. The discussion took place during a business meeting held between the entrepreneurs from Azerbaijan and Russia’s Krasnodar region. The meeting, organized by Azerbaijan’s Export and Investment Promotion Agency (AZPROMO), was attended by entrepreneurs from …

Azerbaijan and Uzbekistan have discussed possibilities of increasing trade turnover and joint exports of goods to other countries, Azernews reports. The discussion took place during the meeting between Azerbaijan’s Deputy Economy Minister Sahib Mammadov with Uzbekistan’s First Deputy Energy Minister Azim Akhmedkhadzhayev. During the meeting, the parties stressed that great …