Tag Archives: economy

OPEC kept crude production steady in April, ahead of a planned revival of supplies scheduled to begin this month, according to Bloomberg. The Organization of Petroleum Exporting Countries pumped an average of 25.27 million barrels a day last month, about 50,000 a day less than in March, according to a …

Food systems need to produce enough safe food for all. To this end, FAO has initiated a three-year project to amplify support for food safety controls in five countries: Azerbaijan, Kyrgyzstan, Republic of Moldova, Tajikistan and Turkey. The project includes regional and national components and was launched at a high-level …

The Caspian Policy Center (CPC) has hosted a panel of experts to discuss the significance of the Southern Gas Corridor (SGC) project, future energy infrastructure developments, decarbonization efforts, and regional integration. “The completion of the SGC comes at an interesting time of changing energy markets and increased focus on addressing …

Azerbaijan, which tripled its economy during the last 15 years and aims to double its economy relying on non-oil sector in the next 10 years, is preparing for a new investment wave that depends on the ability to take advantage of the fourth industrial revolution. According to the World Investment …

Iran-Azerbaijan-Russia trilateral cooperation within the North-South corridor will be researched during the visit of Iranian Foreign Minister Mohammad Javad Zarif to Azerbaijan, The Iranian Embassy in Azerbaijan told Trend. According to the report, Iranian Foreign Minister Mohammad Javad Zarif will pay a visit to the Republic of Azerbaijan on January 24-25, …

Baku and Kyiv can create a working group on economic cooperation and an Azerbaijani-Ukrainian business council within the framework of the intergovernmental commission, Head of Azerbaijan’s Ministry Economy Mikayil Jabbarov said. Jabbarov made the remark at a meeting with the Ambassador of Ukraine to Azerbaijan Vladislav Kanevsky, Trend reports referring …

“The creation of new generating capacities is a manifestation of our overall development. The modernization of our energy system is consistent with the overall development of our country, and all this work is carried out in a planned manner,” President Ilham Aliyev said at a meeting with power engineers following …

India`s newly-appointed Ambassador to Azerbaijan has hailed trade between the two countries, saying it saw a 85 percent growth compared to 2016. Bawitlung Vanlalvawna hailed economic relations and mutual investments between the two countries. The ambassador also pointed out Indian companies` growing interest in Azerbaijan.

Azerbaijan and Saudi Arabia have explored the ways of expanding the bilateral energy cooperation as a Joint Technical Commission held its first meeting. Azerbaijani Deputy Minister of Energy Samir Valiyev hailed factors that give impetus to the development of relations in the field of energy, including intensive cooperation within OPEC+format …

A Russian delegation led by Minister of Economic Development Maxim Oreshkin will visit Azerbaijan on February 8. As part of the visit, the Azerbaijani and Russian delegations will review the reconstruction of Yarag-Gazmalar checkpoint, Samur checkpoint, as well as the construction of a bridge over Samur river. The sides will …