Business

08 June 2010 [10:56]

Nabucco Gas Pipeline International GmbH welcomes gas agreement signed by Azerbaijan and Turkey

Nabucco Gas Pipeline International GmbH welcomes the agreement that was signed in Ankara today between Azerbaijan and Turkey defining terms for the transit of gas to Turkey and Europe, Nabucco Gas Pipeline International GmbH said.
08 June 2010 [10:08]

Chairman of Azerbaijan Business Investment Association attends Astana-2010 Business Forum

Chairman of Azerbaijan Business Investment Association Rafat Aliyev attended the Astana-2010 investment forum in Kazakhstan.
08 June 2010 [09:35]

Austrian businessmen to visit Azerbaijan

A business delegation from Austria will arrive here on June 21.
07 June 2010 [18:36]

Azerbaijan: from gas importer, to gas exporter

President of Azerbaijan's state oil firm, SOCAR, has praised the country's “increasing” gas potential, saying it is already supplying gas to other countries.
07 June 2010 [17:53]

Azerbaijan, Turkey sign contract on sale and transit of natural gas - UPDATE - PHOTOS

Azerbaijan and Turkey have signed an agreement on a package of gas issues in Istanbul today.
07 June 2010 [17:40]

Azerbaijan to ship more gas to Europe via Turkey, ministry official says

Azerbaijan has agreed to ship more gas to Europe via Turkey, an Azerbaijani energy ministry official announced Monday.
07 June 2010 [14:13]

Islamic Development Bank Gears-up for 35th Annual Meeting in Azerbaijan

Preparations are underway to hold the 35th Annual Meeting of the Islamic Development Bank in Baku, Azerbaijan during the period 23-24 June 2010, where Ministers of Finance, Economy, and Planning will attend the Meeting on behalf of the (56) member countries.
07 June 2010 [11:37]

Azerbaijani oil prices for May 31-June 4

May 31-June 4, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $75 per barrel, or $ 2.4 more than the previous price.
07 June 2010 [10:24]

Azerbaijan to join India-Turkey-CIS business forum in Istanbul

The India-Turkey-CIS business forum will be held in Istanbul on August 24-25, according to the National Confederation of Entrepreneurs (Employers) Organizations.
05 June 2010 [13:08]

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

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.
05 June 2010 [11:48]

Experts: Azerbaijan is the key for South Caucasus energy stability

Envoys from Central Asian countries discussed Caspian basin energy security Friday during the second day of an Istanbul summit ahead of a crucial meeting between Azerbaijan and Turkey next week.
05 June 2010 [09:45]

Belarus-Azerbaijan Chambers of Accounts meet in Baku

Chairman of Azerbaijan's Chamber of Accounts Heydar Asadov met today with visiting Chairman of State Control Committee of Belarus Zenon Lomat.
04 June 2010 [16:56]

Azerbaijan to host workshop on credit risk management

The Azerbaijan Risk Professionals Association (ARPA) will hold a "New insight into credit risk management" workshop with support of the Central Bank of Azerbaijan (CBA) June 14, the CBA reported today.
04 June 2010 [16:16]

SOCAR chief meets Eni Vice-President

President of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev has met senior vice-president of Italian Eni company Daniele de Giovanni.
04 June 2010 [15:55]

Azerbaijani FM: Country interested in Belarusian energy market

Azerbaijan is interested in the Belarusian energy market, Azerbaijan's Foreign Minister Elmar Mammadyarov said in an interview with the Belarusian First Television Channel, Belta reported.
04 June 2010 [10:36]

Baku hosts seminar on card business development

Azerbaijan's Central Bank and MasterCard International organized a seminar on “Development of Card business”.
04 June 2010 [09:55]

UAE's Naffco to expand business relations in Azerbaijan

UAE's National Fire Fighting Manufacturing FZCO - NAFFCO wants to expand business relations in Azerbaijan, said the company's manager for export Patrick Antony who attended the 17th International Caspian Oil & Gas Exhibition in Baku.
04 June 2010 [09:44]

Azerbaijan Central Bank, EBRD discuss cooperation

Chairman of Azerbaijan's Central Bank Elman Rustamov met today a members of the Board of Directors of European Bank for Reconstruction and Development (EBRD).
03 June 2010 [17:06]

ConocoPhillips Vice President: Azerbaijan correctly uses oil revenues

Azerbaijan correctly uses oil revenues, said first Vice President of ConocoPhillips Larry Archibald at the meeting with chief of Azerbaijan State Oil Company, Rovnag Abdullayev.
03 June 2010 [14:35]

Azerbaijan, Turkey hold talks to sign new gas contract

A working group of the State Oil Company of Azerbaijan delegates and partner companies were on a visit to Turkey, SOCAR President Rovnag Abdullayev said.
03 June 2010 [13:26]

British "Diplomat Magazine" publishes article about Azerbaijan's energy policy

The British magazine "Diplomat", which is distributed among political circles and structures, as well as diplomatic missions operating in the UK, published an extensive article about the energy policy of Azerbaijan in the June issue, the Azerbaijani Embassy in Great Britain reported.
03 June 2010 [12:33]

SOCAR vice-president: Azerbaijan's gas reserves may reach 5 trillion cubic meters

Azerbaijan's daily gas production exceeds 75 million cubic meters.
03 June 2010 [09:45]

Aktau to host Kazakhstan-Azerbaijan business forum

A Kazakhstan-Azerbaijan business forum will take place in August this year in Aktau, according to the embassy.
02 June 2010 [14:07]

Azerbaijan's gas export will reach 8 billion cubic meters in 2010

Azerbaijan's gas export to different directions will reach 7.8 billion cubic meters in 2010, Industry and Energy Minister Natig Aliyev said.
02 June 2010 [11:40]

British Premier sends letter to participants of 17th International Caspian Oil & gas Exhibition

British Prime Minister David Cameron has sent a letter to welcome participants of 17th International Caspian Oil & Gas Exhibition and Conference here.
02 June 2010 [10:55]

U.S. State Department Special Envoy: Southern Corridor, Nabucco projects to be implemented

We are confident that the Southern Corridor and Nabucco projects will be implemented, the U.S. State Department Special Envoy on Energy Issues in Eurasia, Richard Morningstar told journalists June 1.
02 June 2010 [09:20]

Official reception held in Baku on 17th International Caspian Oil & Gas Exhibition and Conference

An official reception has been co-organized by the embassies of the United Kongdom and United States in Baku on the 17th International Caspian Oil & Gas Exhibition and Conference Incorporating Refining and Petrochemicals on June 1.
02 June 2010 [08:55]

Trade between Azerbaijan and Belarus is "increasingly growing"

Belarus' ambassador in Baku has praised his country's trade with Azerbaijan, saying it is increasingly growing.
01 June 2010 [16:46]

Turkey, Azerbaijan expected to sign Shah Deniz deals next week

Turkey and Azerbaijan are expected to sign Shah Deniz natural gas agreements next week, Turkey's energy ministry executives said on Tuesday.
01 June 2010 [16:17]

Azerbaijani President participates in XVII Int'l Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" - UPDATE - PHOTOS

Today, Azerbaijani President Ilham Aliyev attended XVII International Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" held in Baku.
01 June 2010 [10:40]

Azerbaijan, China discuss cooperation in banking sector

Chairman of Azerbaijan Central Bank Elman Rustamov met governor of the People's Bank of China Zhou Xiaochuan on May 31.
01 June 2010 [09:30]

New bank with 100% Iranian capital to be launched in Azerbaijan

Bank Melli Iran is planning to establish a new bank in Azerbaijan with its own investments, chairman of the presidium and the executive director of the bank, Mahmoud Rza Haver, who is on a visit to Baku,said.
31 May 2010 [16:40]

Launch of Baku-Crete Island flight postponed

The launch of Baku-Crete island charter passenger flight slated for first half of June was postponed, the Azerbaijani Association of Tourism said.
31 May 2010 [16:15]

EBRD director to get familiarized with Azerbaijan's priorities for future cooperation

A delegation of the European Bank for Reconstruction and Development (EBRD), which will include representatives of the Board of Directors will starts its visit to Baku today, said in the statement of EBRD Baku Office.
31 May 2010 [09:09]

Bank Melli Iran Hopeful about inaugurating more branches in Azerbaijan

Managing Director of Bank Melli Iran (BMI) Mahmoud Reza Khavari announced the bank's readiness to open more branches in different cities of Azerbaijan.
30 May 2010 [09:35]

Azerbaijani investment opportunities presented at international fair in France

Azerbaijan took part in the 53-rd international fair held in the north-west of Lower Normandy, France, a statement said.
28 May 2010 [15:25]

WB approves 3rd Azerbaijan highway project

The World Bank’s Board of Executive Directors has approved the 3rd Highway Project on Azerbaijan, which amounts to a total of $356.15 million.
28 May 2010 [11:42]

Baku hosts international Conference on Inter-Regional Banking Cooperation for Solid Financial Future

Azerbaijan's capital hosted an international conference entitled “Inter-regional banking cooperation for solid financial future”.
28 May 2010 [09:50]

"Relations between Azerbaijan and UK are based primarily on cooperation in the energy sector"

Trend interviews Azerbaijani Ambassador to the UK Fakhraddin Gurbanov.
26 May 2010 [15:22]

Israel willing to expand ties with Azerbaijan in alternative and renewable energy sources

Israel is interested in increasing the number of gas suppliers to its market, National Infrastructures Ministry Director-General Shaul Zemach said.
25 May 2010 [15:46]

Azerbaijan's business opportunities presented in Germany

Frankfurt hosted a conference "Azerbaijan - the country of investment" under the global business week May 17- 21 in, the Azerbaijani Economic Development Ministry reported.
24 May 2010 [16:13]

Fitch increases SOCAR's rating

24 May 2010 [14:30]

Azerbaijan's foreign debt exeeds $3.440 billion

As of April 1, 2010, the foreign national debt of Azerbaijan made $ 3 440.3 bln, up 0.5% compared with the beginning of 2010.
24 May 2010 [09:50]

Azerbaijan earns nearly $94m from traffic via Traceca in Q1 of 2010

Cargo and passenger traffic via the Azerbaijani section of the TRACECA corridor earned the country AZN75.2 million or nearly $94m in the first three months of 2010, the State Statistical Committee said.