Economy

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

21.02.2018 | Readed: 433

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: 422

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: 404

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: 420

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: 414

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: 429

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: 400

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: 373

 “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: 357

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: 369

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: 891

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: 894

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: 847

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: 845

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......

SOCAR Balkans, Albgaz sign letter of intent

16.02.2018 | Readed: 415

Azerbaijan`s SOCAR Balkans and Albanian Albgaz have today signed a letter of......

TANAP to be launched in July

15.02.2018 | Readed: 521

Trans-Anatolian Pipeline will be launched in July 2018, Turkish Minister of Energy and Natural Resources Berat Albayrak said at the 4th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory......

Sefcovic: “We all stand to gain from Southern Gas Corridor”

15.02.2018 | Readed: 432

The Southern Gas Corridor has a strategic importance for the European energy security, especially in the most vulnerable parts of Europe, such as South-East Europe and Southern Italy, European Commission Vice-President for Energy Union Maros Sefcovic......

BP and its partners invest more than $69 billion in projects in Azerbaijan

14.02.2018 | Readed: 537

“BP and its partners invested more than $69 billion in projects in Azerbaijan over the past 25 years,” BP vice president for communications, external affairs, strategy & region......

VP: Number of passengers transported by AZAL growing every year

13.02.2018 | Readed: 598

The number of passengers transported by Azerbaijan Airlines CJSC (AZAL) is growing every year, Eldar Hajiyev, AZAL vice president, said. Trend.az reports, that Hajiyev made the remarks at the conference......

More than 500 containers transported via Baku-Tbilisi-Kars railway so far

10.02.2018 | Readed: 871

“More than 500 containers have been transported via the Baku-Tbilisi-Kars (BTK) railway so far,” said chairman of Azerbaijan Railways CJSC Javid......

Another success of Azerbaijan's civil aviation: ASEC opened at Heydar Aliyev International Airport

09.02.2018 | Readed: 828

An official opening of Azerbaijan Airspace Supervision & Efficiency Center (ASEC) took place at Heydar Aliyev International Airport on February......

U.S. growth could slip in coming two years

08.02.2018 | Readed: 810

Economic growth in the United States may peak this year and could slow in the coming two years, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on......

Azerbaijani manat’s average rate for Feb. 9

08.02.2018 | Readed: 767

The Central Bank of Azerbaijan (CBA) has announced the average rate of the Azerbaijani manat against the US dollar at 1.7001 AZN/USD after a currency auction held Feb. 8. Trend reports, that the currency......

Albanian Minister: TAP project is already in intensive stage of implementation

08.02.2018 | Readed: 584

At a time when the TAP project is already in the intensive stage of implementation, we are working closely with the neighboring countries to make a reality with the IAP, Minister of......

Azerbaijan’s State Oil Fund assets exceeds USD 35.8 billion

08.02.2018 | Readed: 580

Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the year 2017 amounted to 12.137.5 million manats, while budget expenditures constituted 11. 015.5 million......

Azerbaijan’s Economy Minister meets with heads of Turkish, Georgian and Kazakh delegations

07.02.2018 | Readed: 487

Azerbaijan’s Minister of Economy has held several meetings with the heads of Turkish, Georgian and Kazakh delegations on the sidelines of an international conference on the role of the......

KazPrime indicator value for Feb. 5

05.02.2018 | Readed: 618

The KazPrime indicator did not change on February 5, 2018, compared to the previous trading day and remains at 10.75 percent per annum, Kazakh stock exchange said in a message. Trend.az reports, that......

Fitch forecasts Azerbaijan's manat rate to remain stable for next two years

05.02.2018 | Readed: 597

Fitch expects the Azerbaijani currency to remain broadly unchanged over the coming two years, based on stable oil price assumptions, a report by Fitch Ratings......

SOCAR, Maire Technimont ink contract on modernization of Baku Refinery

02.02.2018 | Readed: 760

Azerbaijan’s state oil company SOCAR has signed an EPC (engineering, procurement and construction) with Italy’s Maire Tecnimont for the construction of new facilities as part of the......

Azeri Light oil price increased $71

02.02.2018 | Readed: 728

Oil prices continue to rise on the world markets. The price of a barrel of Azeri Light crude oil increased......

Azerbaijan to sign MoUs in energy sector

01.02.2018 | Readed: 746

Azerbaijan plans to sign Memorandums of Understanding (MoU) with six countries on energy, oil and gas and electric power......

SOCAR to receive AZN100M for gasification

31.01.2018 | Readed: 786

President of Azerbaijan President Ilham Aliyev has tasked the State Oil Company (SOCAR) to bring the level of gasification up to 95% in......

Azerbaijan-Austria business forum to be held in Vienna

31.01.2018 | Readed: 677

An Azerbaijani-Austrian business forum will be held in Vienna on March 2. The event will be co-organized by Azerbaijan`s Ministry of Economy and Azerbaijan Export and Investment Promotion......

European Commission allocates 1 million euro for future development of Baku International Sea Trade port

30.01.2018 | Readed: 1043

“The European Commission has allocated 1 million euro as part of technical assistance for the future development of the Baku International Sea Trade Port,” Director-General for......

Henrik Hololei: Azerbaijan will be part of EU Trans-European Networks

30.01.2018 | Readed: 1166

“Azerbaijan is part of the European family. Ensuring deeper connectivity with the EU is therefore extremely important for us. Only then can we unleash the full potential of all......

Azerbaijan receives first bonus payment from new ACG agreement

30.01.2018 | Readed: 692

Trend.az reports, that the State Oil Fund of Azerbaijan (SOFAZ) has received the first bonus payment in the amount of $450 million from the new agreement on developing Azeri-Chirag-Gunashli block of oil fields, said a message from......

2/3 of TAP pipes lowered into ground in Greece, Albania

30.01.2018 | Readed: 693

Around 2/3 of pipes (over 515km out of 765km) have been lowered into the ground as part of construction of the Trans Adriatic Pipeline (TAP) in Greece and......

Business Insider adds Heydar Aliyev International Airport to list of world`s 14 most beautiful airports

30.01.2018 | Readed: 623

Business Insider has added the Heydar Aliyev International Airport to the list of the world`s 14 most beautiful......

SOFAZ receives first bonus payment from Azeri-Chirag-Gunashli Agreement

30.01.2018 | Readed: 744

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD 450 million from the new Agreement signed among the State Oil Company of the......

Azerbaijan-initiated transport corridors become most discussed topics at Davos Forum: President's aide

29.01.2018 | Readed: 670

Two transport corridors - East-West and North-South, which are realized under the initiative, leadership and with participation of Azerbaijan became one of the most discussed topics at the World Economic Forum in Davos, Natig Amirov, assistant......

S&P predicts steady growth for Azerbaijan

29.01.2018 | Readed: 679

  Standard & Poor’s Global Ratings agency has forecast Azerbaijan’s GDP growth to average 3.3% over the next four years, the S&P said in a report, according to......

Being a landlocked country, Azerbaijan managed to transform into a regional transportation hub, President

25.01.2018 | Readed: 1343

President of Azerbaijan Ilham Aliyev has stressed the significance of energy projects as he spoke at an interactive session on "Strategic Outlook: Eurasia" as part of the World Economic......


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