Economy

GE Supports Oil and Gas Growth in Caspian Sea Region with New $6M Services Facility in Azerbaijan

22.06.2010 | Readed: 1768

New Global Services Center to Provide Enhanced Drilling & Production Capabilities BAKU, AZERBAIJAN - June 21, 2010 - Expanding its support for oil and gas producers that play a vital role in the economic growth of the Caspian Sea......

IDB President: I hope Azerbaijan will deepen cooperation with IDB member-countries

20.06.2010 | Readed: 748

President of the Islamic Development Bank, IDB, Ahmed Mohammed Ali, who arrived in Baku to attend the 35th annual meeting of IDB Board of Directors, has expressed hope the gathering will create an opportunity for Azerbaijan to further boost cooperation with IDB member-nations. In an......

World Bank and IMF Confirm Azerbaijan escapes impact of global crisis

19.06.2010 | Readed: 828

Johns Hopkins University's Central-Asia and Caucasus Institute hosted a conference "Impact of the global financial crisis on the Central Asian and Caucasus countries" The conference was attended by leading specialists of the International Monetary Fund and World Bank, US economic......

Baku hosts international seminar on copyright and creative industries

11.06.2010 | Readed: 693

An international seminar titled "Copyright and economic significance of creative industries" kicked off in Azerbaijan`s capital on June 10th. The seminar is co-organized by the Azerbaijan Copyright Agency and World Intellectual Property Organization. The event was opened......

Finland's Wartsila offers its services in Azerbaijan

10.06.2010 | Readed: 817

Vice-President of Finnish energy manufacturer Wartsila Christophe Vitzthum met with Azeri Deputy Minister of Industry and Energy Natig Abbasov to hold presentation on the company's solutions and services. Addressing the meeting, Azeri Deputy Minister of Industry and Energy Natig......

Energy ministers of Turkey and Azerbaijan hold press conference

08.06.2010 | Readed: 704

Turkey`s Energy and Natural Resources Minister Taner Yildiz and Azerbaijan Minister of Industry and Energy Natig Aliyev gave a press conference after the energy agreement was signed between Turkey and Azerbaijan in Ciragan Palace of Istanbul. Mr. Yildiz said: "Eight meetings were held to......

Daily oil production in Azerbaijan hits record high of 1 million barrels in 2009

05.06.2010 | Readed: 714

Azerbaijan posted a record oil production of 1 million barrels a day last year, SOCAR President Rovnag Abdullayev said at the Caspian Oil and Gas conference. Exploration, drilling, construction and production work carried out together with foreign oil firms produced good results. Overall......

Baku hosts Azerbaijan-Belarus intergovernmental commission's meeting

03.06.2010 | Readed: 720

On June 2nd the 6th meeting of an Azerbaijan-Belarus intergovernmental commission on trade and economic cooperation was held in Baku. Vice-Premiers Yagub Eyyubov of Azerbaijan and Andrey Kobyakov of Belarus chaired the meeting. The meeting featured discussions on what had been done......

Center for Strategic Studies hosts ‘roundtable' on US energy policy in South Caucasus and Caspian region

03.06.2010 | Readed: 676

The Center for Strategic Studies under the Azerbaijani President has today hosted a roundtable meeting on "U.S. energy policy in the South Caucasus and Caspian region". Special Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar made a presentation at......

Baku hosts international conference as part of 17th International Caspian Oil & Gas Exhibition

03.06.2010 | Readed: 691

An international conference called "European geopolitics of energy and the role of Azerbaijan" started in Baku yesterday as part of the 17th International Caspian Oil & Gas Exhibition and Incorporating Refining and Petrochemicals. The event was opened by ITE Group PLC senior advisor......

International oil and gas conference kicks off in Baku

02.06.2010 | Readed: 674

The 17th international oil and gas conference has started. The conference`s session "Europe`s energy geopolitics and role of Azerbaijan" was addressed by Minister of Industry and Energy Natig Aliyev, Senior advisor of the ITE Group PLC Andrew Wood, US Secretary of State`s Special Envoy......

Vilnius hosts Azerbaijan-Lithuania Intergovernmental Commission meeting

27.05.2010 | Readed: 700

A first meeting of an Azerbaijan-Lithuania Intergovernmental Commission on Economic Cooperation has today been held in Vilnius. Azerbaijan`s Taxes Minister Fazil Mammadov and Lithuanian Foreign Minister Audronius Azubalis co-chaired the event. The meeting featured discussions on......

Oil pipelines haul 15. 6 mln tons, gas pipelines 6.4 bln cubic metres in january-april

20.05.2010 | Readed: 636

Oil pipelines transported 15.6 mln tons in Azerbaijan, while gas pipelines 6.4 bln cubic metres in January-April, State Statistics Committee reports. Of the overall volume, oil transportation via Baku-Tbilisi-Ceyhan main export pipeline accounted for 76. 3......

BP-Azerbaijan produces 72 million barrels of oil from ACG in first quarter

18.05.2010 | Readed: 664

"BP-Azerbaijan" Company produced 72 million barrels or 9.7 m tons of oil from Azeri-Chirag-Gunashli (ACG) field during the first quarter of 2010, the company`s press-service said. Daily production from ACG makes up 797, 300 barrels. The company forecasts......

Azerbaijan discloses 12th EITI report

15.05.2010 | Readed: 690

The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on Friday. Azerbaijan has instituted a regular process of disclosing, reconciling and publishing company payments......

Azerbaijan, Georgia sign new rail loan agreement

01.01.1970 | Readed: 691

Azerbaijan and Georgia signed a loan agreement under which Georgia will receive another loan as part of the Baku-Tbilisi-Kars Railway Project. The document was signed by Azerbaijan's Transport Minister Ziya Mammadov and Director of Georgia's Marabda-Kartsahi Railway Company......

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