Economy

Azeri Light crude sells for $48.92

28.11.2016 | Readed: 1187

The price of a barrel of Azeri Light crude oil decreased $1.25 to stand at $48.92 on the world markets.

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AZAL's new campaign on flights to Tel Aviv

25.11.2016 | Readed: 1180

Azerbaijan Airlines (AZAL) announced a new campaign for flights on the route from Baku to Tel Aviv. When buying from December 1 to 20, air ticket for the flights on Baku-Tel-Aviv-Baku route in the period from January 10 to......

Azeri Light crude sells for $49.69

23.11.2016 | Readed: 1165

The price of a barrel of Azeri Light crude oil increased $0.05 to trade at $49.69 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil decreased $0.21 to stand at $48.03. Price of the......

SOCAR launches 35th filling station in Romania

21.11.2016 | Readed: 1181

SOCAR has opened its 2nd filling station in Ilfov, Romania. The opening ceremony was attended by SOCAR Vice-president for economic issues Suleyman Gasimov, representatives of Azerbaijani Embassy in Romania, Turkish......

Oil prices rise on world market

17.11.2016 | Readed: 1122

Oil prices continue rose on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $2.49 to stand at $45.81. Price of the Brent crude oil at the London ICE (Intercontinental......

Azeri Light crude sells for $44.78

14.11.2016 | Readed: 1143

Azeri Light crude oil price has fallen on the world markets.

The price of a barrel of Azeri Light crude oil decreased $1.38 to stand at $44.78

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SOCAR plans to own 10% of Romanian energy market

12.11.2016 | Readed: 1109

On November 9-10, Bucharest hosted the Romania Oil & Gas Conference and Exhibition 2016, organized by Petroleum Industry Review and Petroleum Club of Romania, the State Oil Company of Azerbaijan Republic (SOCAR)......

"Bank Silk Way" launches new website

10.11.2016 | Readed: 1099

"Bank Silk Way" has launched a fully renewed new corporate website www.banksilkway.az. The new site, according to the bank's corporate standards, is remarkable for contemporary design, different structure and ease of use. During development of the site daily needs......

Silk Way launches charter cargo flight to Prague

04.11.2016 | Readed: 1109

Azerbaijani Silk Way airline has launched the first cargo delivery by a charter flight to Prague. The company plans to carry out permanent flights for transportation of cargo to Europe, especially Czech Republic in......

Natiq Aliyev to represent Azerbaijan in OPEC and Non-OPEC countries’ summit

28.10.2016 | Readed: 1131

Azerbaijani Energy Minister Natig Aliyev will attend the summit of energy ministers of OPEC and non-OPEC countries that will be held on October 29 in Vienna. As is reported, Russia, Kazakhstan, Bahrain, Bolivia, Brazil,......

Oil prices fall on world markets

27.10.2016 | Readed: 1100

Oil prices fell again on the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange), the cost of the US Light crude oil decreased $0.78 to stand at $49.18. The price of Brent crude fell $0.81 to......

Doing Business 2017 ranks Azerbaijan among 29 countries that implemented three or more reforms

26.10.2016 | Readed: 1143

Doing Business 2017 report has ranked Azerbaijan among 29 countries that implemented three or more reforms. The country`s overall standing in the report is 65. The reports says Azerbaijan facilitated international trade......

AZAL bans use of Samsung Galaxy Note7 on its flights

22.10.2016 | Readed: 1106

Samsung Galaxy Note 7 smartphone devices were banned from Azerbaijan Airlines (AZAL) both in hand luggage and checked baggage. The decision was made following a similar ban made by the US aviation authorities, as well as......

International Renewable Energy Conference kicks off in Baku

21.10.2016 | Readed: 1085

International Renewable Energy Conference has today started in Baku as part of the 7th International Forum on Energy for Sustainable Development. Deputy Chairman of the State Agency on Alternative and Renewable Energy......

Azerbaijan Airlines increasing regular flights to London

12.10.2016 | Readed: 1083

Azerbaijan Airlines CJSC (AZAL) is increasing the number of regular flights from Baku to London, in accordance with the winter schedule. Currently, AZAL is carrying out five flights per week from the Heydar Aliyev International Airport to the major international......

SOCAR Turkey Energy AS and Rosneft sign agreement

11.10.2016 | Readed: 1148

Rosneft and Socar Turkey Energy signed an agreement on supplies of oil and oil products at the World Energy Congress. “The parties will examine cooperation potential within the scope of new Star Refinery with the capacity......

2.1 million tons of Azerbaijani oil transported via BTC in August 2016

08.10.2016 | Readed: 1014

2 million 55 thousand 791 tons of Azerbaijani oil was transported via Baku-Tbilisi-Ceyhan-BTC main export pipeline in September 2016. According to the press service of SOCAR, 22 million 43 thousand 322 tons of oil was......

Iranian Mahan Air to launch flights to Baku

08.10.2016 | Readed: 942

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are......

Oil price on world markets

04.10.2016 | Readed: 918

The price of oil changed in the world markets. On the New York Stock Exchange NYMEX (" New York Mercantile Exchange") cost of the US light crude oil increased $ 0.41 to stand at $ 48.24. Price of the brand crude oil at the......

Nobel laureate praises economic reforms in Azerbaijan

03.10.2016 | Readed: 566

Edward Prescott, who received Nobel Memorial Prize in Economics in 2004, has hailed the economic reforms in Azerbaijan. He visited the Center for Economic Reforms Analysis and......

Azerbaijan, Uruguay discuss economic cooperation

01.10.2016 | Readed: 529

Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) Shahmar Movsumov has met with a delegation led by President of the Chamber of Representatives of the......

Asan İmza at French Smart Security Week

29.09.2016 | Readed: 536

Azerbaijani mobile ID & signature technology “Asan İmza” continues drawing attraction of the global e-ID and trust services community – this time “Asan İmza” was presented at Smart Security Week 2016 – one of the prestigious events dedicated to......

Silk Way Helicopter Services, Russian Helicopters intend to establish joint service center in Azerbaijan

28.09.2016 | Readed: 504

Silk Way Helicopter Services (SWHS MMC) commercial helicopter company and Russian helicopter holding Russian Helicopters signed a letter of intent within the ADEX 2016 International Defence Exhibition on September 27. The......

Silk Way West Airlines launches direct flights to Chicago

24.09.2016 | Readed: 717

Silk Way West Airlines has opened direct cargo flights between Baku and the largest transportation hub in the United States, Chicago (Illinois). The first flight from Heydar Aliyev International Airport to O'Hare......

“Asan İmza” presented in Tashkent

23.09.2016 | Readed: 640

On September 19-23 of this year the capital of city of Uzbekistan, Tashkent hosted the “ICTWEEK Uzbekistan 2016” – an information-communications technologies week uniting a series of specialized events within a single format. At one of such events, namely......

‘AZAL and Indonesian Airlines can establish direct flights between Baku and Jakarta’

21.09.2016 | Readed: 601

Ambassador of Indonesia to the Republic of Azerbaijan Husnan Bey Fananie has met with a delegation of Caspian Energy headed by President and Editor-in-Chief of the Caspian Energy International Media Group Natalya......

Azerbaijan to join World Forum of Aviation and ICAO assembly in Canada

17.09.2016 | Readed: 602

An Azerbaijani delegation led by head of the State Administration of Civil Aviation Arif Mammadov will take part in the International Civil Aviation Organization (ICAO) Assembly and IWAF2016 forum in Montreal, Canada, scheduled for September 27 – October 7.......

AZAL warns passengers traveling with Samsung Galaxy Note 7 smartphone

16.09.2016 | Readed: 622

In accordance with the recommendations of the European Aviation Safety Agency (EASA), Azerbaijan Airlines asks passengers not to use Samsung Galaxy Note 7 smartphone or charge it......

Asan Imza presented at Russian PKI Forum 2016

15.09.2016 | Readed: 703

The 14th international conference on public key infrastructure (PKI) and e-signature - “PKI-Forum Russia 2016” has today started in Saint Petersburg under the organization of......

Ukraine, Georgia agreed on organization of direct international railway-ferry service

14.09.2016 | Readed: 600

On Tuesday, September 13, at the International Maritime forum held in Batumi, an Agreement was signed between the governments of Ukraine and Georgia on the organization of direct international railway traffic through the ports of Ukraine and Georgia, according to......

Azeri Light oil price is more than $50 on world markets

09.09.2016 | Readed: 621

The price of a barrel of Azeri Light crude oil increased $2.46 to stand at $50.51 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil fell $0.38 to stand at $46.06. Price of the Brent crude oil at the London ICE (InterContinental Exchange......

Azerbaijan Railways can attract foreign loans

08.09.2016 | Readed: 611

Chairman of Azerbaijan Railways Javid Qurbanov has said the company could attract foreign loans. "If we manage to attract low interest loans for a 20 or 25 year term, it will be spent for financing projects carried out by Azerbaijan Railways,” he......

Baku-Ganja speed train to be launched by the end of 2017

08.09.2016 | Readed: 698

Baku-Ganja speed train is expected to be commissioned by the end of 2017, chairman of Azerbaijan Railways Javid Gurbanov told journalists. He said trains would go with a speed of 100-140 kilometres per hour on this......

Azerbaijan, Iran mull over use of storage facilities

06.09.2016 | Readed: 643

Azerbaijan`s state oil company SOCAR can provide Iran with its gas storage tanks, President of SOCAR Rovnag Abdullayev has told reporters. He said that the matter rests in small amounts of 1-2 billion cubic meters of......

SOCAR ‘not in talks’ to buy Gazprom gas

06.09.2016 | Readed: 591

President of Azerbaijan`s state oil firm (SOCAR) Rovnag Abdullayev has said the company is not conducting any talks with Russian giant Gazprom on gas purchases. "We needed technical gas to inject into reservoirs. We will buy......

Azeri Light oil price increases on world markets

05.09.2016 | Readed: 627

The price of a barrel of Azeri Light crude oil increased $0.70 to stand at $47.11 on the world markets.

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Azerbaijan Airlines announces recruitment of female flight attendants

02.09.2016 | Readed: 581

CJSC Azerbaijan Airlines (AZAL) announces admission of documents from females for a flight attendant position. The documents will be received from 10:00 to 12:00, from September 1 to October 1. The candidates will be......

Azerbaijan Airlines announces 20% discount within new autumn campaign

01.09.2016 | Readed: 661

Azerbaijan Airlines (AZAL) announced the launch of a new autumn campaign, timed to Gurban holiday. A 20% discount will be applied when buying round-trip air tickets in the period from September 5 to 30, 2016 to/from Baku to......

First gas from Absheron field expected in 2019

31.08.2016 | Readed: 562

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Azerbaijan produces 82-88 million cubic meters of natural gas and 115000-120000 tons of oil daily

30.08.2016 | Readed: 591

"Azerbaijan produces 82-88 billion cubic meters of natural gas and 115-120 thousand tons of oil daily," Azerbaijan’s Deputy Energy Minister Natig Abbasov stated at the first Eurasia Conference on “Emerging energy economies in the Caspian regions: Changes and......

1st IAEE Eurasian Conference kicks off in Baku

29.08.2016 | Readed: 632

The First Eurasian Conference organized by the International Association for Energy Economics (IAEE) to focus on the energy economics emerging from the Caspian region has kicked......

Baku to host congress of Association of Turkish Consulting Engineers and Architects

26.08.2016 | Readed: 581

  Baku will host the next congress of the Association of Turkish Consulting Engineers and Architects called “mega-projects in the energy and transport”, on......


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