Economy

SOCAR talks on progress of modernization at Baku oil refinery

25.04.2018 | Readed: 24

The integration of filling station of liquefied petroleum gas (LPG) and bitumen plant in general infrastructure of the Baku oil refinery named after Heydar Aliyev was completed by 39 percent, the advisor to vice-president on strategic......

Azerbaijan to establish production of packaging materials in regions

25.04.2018 | Readed: 22

The National Entrepreneurship Support Fund (NESF) under the Ministry of Economy of Azerbaijan has started accepting investment projects in priority areas of development of Hajigabul district, the Ministry of Economy said in a......

BHOS concludes 3rd SOCAR International Forum with conference

25.04.2018 | Readed: 26

An International Conference entitled “Refining and Petrochemical Industry of the Caspian and Central Asia: Projects and Technical Solutions” as part of the 3rd SOCAR International......

3rd SOCAR International Caspian and Central Asia Downstream Forum started in Baku

23.04.2018 | Readed: 57

The 3rd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals commemorating the National Leader of Azerbaijan Heydar Aliyev`s 95th......

OPEC daily basket price up

19.04.2018 | Readed: 141

The price of OPEC basket of fourteen crudes stood at $69.39 a barrel on April 18, compared with $68.36 the previous day, according to OPEC Secretariat calculations. The OPEC......

Azerbaijan joins HESTOUREX-2018 international tourism fair in Turkey

17.04.2018 | Readed: 212

An Azerbaijani delegation has participated in HESTOUREX-2018 international fair for healthcare, sports and alternative tourism in Antalya,......

Oil prices increase on world markets

16.04.2018 | Readed: 317

Oil prices have jumped up on the world markets. On London ICE (InterContinental Exchange......

First phase of TANAP`s construction completed by over 99%

30.03.2018 | Readed: 934

The works on the first phase of the Trans Anatolian Natural Gas Pipeline (TANAP) to Eskisehir in Turkey were completed by 99%. The announcement was made during the general meeting of......

Conference of International Association of Deposit Insurers held in Italy

28.03.2018 | Readed: 1033

Annual meeting and International conference titled "Resolution and deposit guarantee schemes in Europe: incomplete processes and uncertain outcomes" of International Association of......

Southern Gas Corridor to boost Azerbaijan's role in world

21.03.2018 | Readed: 1101

Implementation of the Southern Gas Corridor project will contribute to the social and economic development of Azerbaijan and strengthen the country's role as a supplier of energy resources, Sabit Bagirov, Director of the Foundation for Assistance to......

President Rouhani: Development of stability and security in Azerbaijan is considered as Iran's stability and security

15.03.2018 | Readed: 1888

“The development of stability and security in the Republic of Azerbaijan is considered as Iran's stability and security,” said President of the Islamic Republic of Iran Hassan Rouhani......

Passenger traffic of Heydar Aliyev International Airport exceeded half a million in first two months

13.03.2018 | Readed: 1757

During the first two months of 2018, Heydar Aliyev International Airport served over 545,000 passengers. This indicator exceeds the same indicator of the previous year by 16......

Salyan Oil company reveals volume of investments for 2018

09.03.2018 | Readed: 2422

Azerbaijani operating company Salyan Oil, which is developing the Kursangi and Garabagli onshore oil fields in the country, plans to increase investments in 2018, a source in the country’s oil and gas market told......

Caspian Pipeline Consortium increases export of oil

07.03.2018 | Readed: 2307

The Caspian Pipeline Consortium (CPC) exported 9.441 million tons of oil in January-February 2018, which is 16.78 percent more than in the same period of 2017, the CPC press service said in a......

Azerbaijan’s expenditures on Southern Gas Corridor to be lower

06.03.2018 | Readed: 1309

Azerbaijan’s Southern Gas Corridor CJSC has invested over $8.8 billion for financing of its participating interests in the Southern Gas Corridor projects, Trend learned from the company. “Southern Gas......

Azerbaijan posts increase in demand for dollar

05.03.2018 | Readed: 1024

The State Oil Fund sold $364.1mln in February 2018. According to the Fund, this figure amounted to $299.1mln. In January 2017, the Oil Fund sold $285mln in......

ECO Bank reveals economic growth forecasts for Azerbaijan

02.03.2018 | Readed: 287

Azerbaijan’s economic growth is expected to rebound by 1.2 percent in 2018, a source in the ECO Trade and Development Bank (ETDB), headquartered in Turkey’s Istanbul, told Trend. The bank’s......

SOCAR Polymer tested polypropylene production for the first time

01.03.2018 | Readed: 299

On February 27, SOCAR Polymer Plant produced the first polypropylene product for demonstration and testing purposes, with the participation of SOCAR President Rovnag Abdullayev and......

EBRD to support capacity building of Asian stocks slide, dollar hits six-week high as Powell revives Fed rate fears

01.03.2018 | Readed: 284

The European Bank for Reconstruction and Development (EBRD) will provide technical assistance to further development of the Energy Regulatory Agency of Azerbaijan, EBRD Press Secretary for Eastern Europe, Caucasus and Central Asia Anton Usov told......

Azerbaijan's AGBank opens subscription to new issue of shares

27.02.2018 | Readed: 311

Azerbaijan's AGBank opened a subscription to a new issue of shares, the bank said in a message Feb. 26. Trend.az reAGBank is increasing its authorized capital worth seven million manats by issuing 3.5......

Azerbaijani currency rates for Feb. 26

26.02.2018 | Readed: 397

The official exchange rate of US dollar and euro to Azerbaijani manat for Feb. 26 was set at 1.7001 manats and 2.0932 manats, respectively. Below are the rates of Azerbaijani manat against world......

European Central Bank's net profit up in 2017

24.02.2018 | Readed: 589

Bank's net profit rose to €1.3B last year, up around 7 pct from 2016. The European Central Bank's (ECB) net profit rose by nearly 7 percent year-on-year to reach €1.3 billion ($1.47 billion) in......

Azerbaijan International Travel and Tourism Fair to be held in April

23.02.2018 | Readed: 669

The 17th Azerbaijan International Travel and Tourism Fair, AITF 2018 will be held at Baku Expo Centre from April 5-7. For many years now, the exhibition has remained relevant and has kept......

Azerbaijan’s economy to grow 2% in 2019

23.02.2018 | Readed: 634

Economic growth in Azerbaijan will make up 1.5% in 2018, 2% in 2019, Moody’s reported. ‘According to preliminary estimates, Azerbaijan's economy expanded 0.1% in 2017 we expect that inflation......

Southern Gas Corridor to turn Italy into gas center of Europe

22.02.2018 | Readed: 562

Azerbaijan is an important supplier of oil to a number of European countries, including Italy, and after the implementation of the project, the Southern Gas Corridor will become a supplier of natural gas, Azerbaijani Ambassador to Italy Mammad Ahmedzade......

Azerbaijan’s insurance market grows

22.02.2018 | Readed: 366

Azerbaijan’s insurance companies collected premiums worth 82.76 million manats in January 2018 that is by 17.02 percent more than in the same period last year, according to a report of the country’s Financial Market Supervisory Authority......

SOCAR signs agreement on exploration of gas fields in Bangladesh

22.02.2018 | Readed: 365

Azerbaijan’s SOCAR-AQS LLC and Bangladesh Petroleum Exploration and Production Сompany Ltd. (BAPEX, a subsidiary of Bangladesh Oil, Gas and Mineral Corporation (PETROBANGLA) signed a memorandum of understanding on joint participation in new......

Amman hosts 3rd meeting of Azerbaijan-Jordan Intergovernmental Commission

22.02.2018 | Readed: 302

The third meeting of the Azerbaijani-Jordanian intergovernmental commission for trade, economic and technical cooperation was held in......

Turkish minister : BTK railway’s construction contributed to the creation of the most important transport corridor in the region

21.02.2018 | Readed: 326

The Baku-Tbilisi-Kars (BTK) railway contributes to the development of the region, said Ahmet Arslan, Turkish minister of transport, maritime affairs and communications, according to the message of the ministry, Trend......

OPEC poised to further regulate prices amid higher output concern

21.02.2018 | Readed: 327

OPEC and its non-OPEC allies, all financially embattled, will continue to regulate prices, Gal Luft, the co-director of the Washington-based Institute for the Analysis of Global Security, told......

Kazakhstan increases grain exports twofold

21.02.2018 | Readed: 324

The volume of Kazakhstan’s grain exports in January 2018 amounted to 830,000 tons and exceeded the volume of grain export in December 2017, as well as the volume of January 2017. Trend.az reports, that......

TAP Presents Project Update at the Athens Energy Forum

21.02.2018 | Readed: 337

The Trans Adriatic Pipeline (TAP) AG Country Manager for Greece, Katerina Papalexandri, presented the project's progress at the annual Athens Energy Forum organised on 15-16 February......

Oil markets mixed on lower Canadian flows, firmer dollar

20.02.2018 | Readed: 328

Oil markets were split on Tuesday, with US crude was pushed up by reduced flows from Canada while international Brent prices eased, Reuters reports. US West Texas Intermediate (WTI) crude futures were at......

Azerbaijan-Turkmenistan joint working group discusses energy cooperation in Baku

20.02.2018 | Readed: 331

On February 19, 2018, Baku hosted the first meeting of the joint working group on the future development of energy cooperation between the Government of the Republic of Azerbaijan and the Government of Turkmenistan on the basis of the......

SOCAR signs agreement on exploration of gas fields in Bangladesh

20.02.2018 | Readed: 327

Azerbaijan’s SOCAR-AQS LLC and Bangladesh Petroleum Exploration and Production Сompany Ltd. (BAPEX, a subsidiary of Bangladesh Oil, Gas and Mineral Corporation (PETROBANGLA) signed a memorandum of understanding on joint participation in new gas......

Azerbaijan seeks Pak’s support for hosting Expo 2025

20.02.2018 | Readed: 307

 “Azerbaijan seeks Pak’s support for hosting Expo 2025” article was published in Pakistan media, “Pakistan today” newspaper. According to “Pakistan today”,  Azerbaijan’s......

ECO discusses new Kabul-Tehran-Istanbul transit corridor

19.02.2018 | Readed: 292

An Afghan trade official has said that the members of Economic Cooperation Organization (ECO) have agreed on creating Kabul-Tehran-Istanbul transportation corridor. Trend.az reports, that the head of the......

Azerbaijani oil price exceeds $ 66/barrel

19.02.2018 | Readed: 291

The price for Azeri LT CIF put for sale in world markets went up by $ 0,94 or 1,44%. Report informs that the price of AZERI LT CIF now makes $......

Azerbaijan reveals planned investments in new industrial zone

17.02.2018 | Readed: 816

The planned value of investments in Azerbaijan’s Hajigabul industrial zone will amount to 43 million manats, Deputy Economy Minister Niyazi Safarov said. Trend.az reports, that he made the remarks at a......

American ExxonMobil becomes shareholder of BTC oil pipe

17.02.2018 | Readed: 820

American oil company ExxonMobil became a shareholder of BTC Co., which manages the Baku-Tbilisi-Ceyhan oil pipeline, reads BP's report on the results of activities in Azerbaijan in 2017. Trend.az reports,......

Montenegro relies on SOCAR’s experience in gas supply – economy minister

16.02.2018 | Readed: 781

Montenegro relies on the experience of Azerbaijan’s state oil company SOCAR in gas supply, Minister of Economy of Montenegro Dragica Sekulic said in an interview with Trend. "SOCAR’s experience......

Azerbaijan’s Finance Ministry to auction manat bonds

16.02.2018 | Readed: 782

An auction for placement of 35 million manats worth medium-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) Feb. 20, the BSE said Feb. 16. Trend.az......


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