Business
21 April 2005 [16:41]
Georgia expressed its wish to increase future contract purchase of natural gas from Azerbaijan field Shah-Deniz.
21 April 2005 [16:27]
Effectiveness of operation of platform, installed in the central part of field Azeri is 84.2%, and its production presently exceeded 2,076 mln barrels of oil, the agency Trend reports, press release of Azerbaijan International Operating company (AIOC) informs about this.
20 April 2005 [17:03]
Companies do not show active interest in exhibition "TRANSCASPIAN 2005".
20 April 2005 [16:52]
Yesterday the president of Azerbaijan International Operation Company (AIOC) David Woodward and the heads of projects operator of which is "bp Azerbaijan" company held a press conference dedicated to the result of work done in the first quarter of this year.
20 April 2005 [16:51]
The head of the company Palmali, operating in Turkey, Mubariz Mansimov invested for construction of dairy factory in Lankoran an amount of 4 mln EURO. The agency Trend reports, the head of Executive power of Lankoran Zeynal Nagdaliyev informed about this.
20 April 2005 [16:29]
"British Bank" doesn't have intention to restore its activity in Azerbaijan.
20 April 2005 [16:22]
State Oil Company of Azerbaijan Republic (SOCAR) will export 85 thousand tons oil via Baku-Novorossiysk oil pipeline in May.
20 April 2005 [16:16]
Two agreements on transit of Kazakhstan oil are to be signed between Baku and Astana by end of year, which is to pass via territory of Azerbaijan. The agency Trend reports, the president of State Oil Company of Azerbaijan Republic (SOCAR) Natik Aliyev informed.
19 April 2005 [14:17]
Budget incomes of State Oil Fund of Azerbaijan Republic (SOFAR) was 364.6 billion manats, its budget expenses 221.0 billion manats in January-March of 2005.
19 April 2005 [14:14]
Participants of the project for development of Kashagan oil field in Kazakhstan consider several options for the export of oil from the contract area.
19 April 2005 [14:12]
Azerbaijan and Kazakhstan parties started next negotiations about joining of Kazakhstan to the project Baku-Tbilisi-Ceyhan (BTC) and preparation of the text of inter-governmental agreement between both states, 18 April, at Hyatt Regency in Baku.
19 April 2005 [13:38]
Azerbaijan has realized during January-February 2005 ex?ort-im?ort o?erations with 103 countries of the world against 119 countries in 2004 and 124 countries in 2003.
19 April 2005 [13:35]
The em?loyees of different institutions of the Ministry of economic develo?ment ?artici?ated at the ?rogram of young s?ecialists from the mid 2004 till beginning of 2005.
16 April 2005 [12:17]
The delegation of CSS of OC "Kazmunaygaz" is to arrive to Baku, Sunday.
15 April 2005 [16:44]
Five companies, participants of the project on development of the field "Shah-Deniz", will get privilege tariff on pumping of condensate by pipeline Baku-Tbilisi-Ceyhan (BTC), the agency Trend reports, projects sources informed.
15 April 2005 [16:27]
Yesterday President Ilham Aliyev received president of Azerbaijan International Operation Company (AIOC) David Woodward.
15 April 2005 [16:10]
French experts are studying opportunities for establishment of winter tourism in Azerbaijan, the Tourism Department of the Ministry of Youth, Sports and Tourism told Tend.
13 April 2005 [14:47]
Milli Mejlis is to reconsider state budget for 2005, and to increase predicted oil price during its compilation (by $25 dollars per barrel).
13 April 2005 [14:36]
CDMA technology is to be introduced during 2005 in Apsheron peninsula.
12 April 2005 [13:47]
President Ilham Aliyev signed an order today within the appointment of Elman Rustamov to the post of the chief of the Administrative Staff of National Bank.
12 April 2005 [13:22]
Drilling of 14 wells has been completed with starting of 20 another once, according to Azneft Corporation.
09 April 2005 [17:24]
Azerbaijan plans to sign an agreement on frees trade with United Arab Emirates and other countries of the Persian Gulf, Dubai-based newspaper Khaleej Times reports interviewing Elmar Mammadyarov, the Azerbaijani Foreign Minister.
09 April 2005 [17:11]
122 hotel, 14 motel, 102 hotel typed objects activated in the country in 2004. In hotels and hotel typed objects 213, 3 thousand persons or 45, 9% more tourists were placed in comparison with 2003.
09 April 2005 [17:09]
Experts of the Russian company Sibirneft are involved in studying the economy of the project on pumping oil from Russia via the Baku-Tbilisi-Ceyhan (BTC) main export oil pipeline.
09 April 2005 [16:35]
The European Bank for Reconstruction and Development (EBRD) set up development of joint projects with the operators of the financial markets in Azerbaijan, Raymond Konway, the head of the Baku office of the EBRD told Trend.
09 April 2005 [16:30]
70 million dollars allocated to "Excelsior Hotel" that will start activating in May.
09 April 2005 [16:29]
Azerbaijan Airlines - "AzAL" State Company is going to buy new planes.
09 April 2005 [16:18]
Different companies displaced interests in Azeraluminum JSC, Farhad Aliyev, Minister for Economic Development, told journalists on Friday.
09 April 2005 [15:12]
The European Bank for Reconstruction and Development is leading the first international syndicate to lend $5 million to a private bank in Azerbaijan, as part of efforts to encourage the Caspian seaside nation to foster competition in the banking sector and to further diversify the non-oil sector of its economy.
08 April 2005 [16:06]
The ministry of youth, sport and tourism plans reaching number of tourist arriving to the sate up to 3 mln, in the nearest 5-6 years, the agency Trend reports 7 April, the minister of youth, sport and tourism Abulfaz Garayev informed at the opening ceremony of international exhibition "Tourism and travels".
08 April 2005 [14:58]
During the first quarter of 2005 the Azerbaijan International Operating Company (AIOC), which involved in the development of the Azeri-Chirag- Gunashli (ACG) contract area, exported 1,851 million tons of oil, or 334,000 tons more than 2004.
08 April 2005 [14:50]
In the first quarter of 2005 the Azerbaijan International Operating Company (AIOC), which involved in the development of the Azeri-Chirag-Gunashli (ACG) contract area, produced 2,033 million tons (15,049 million barrels) of Azeri Light oil, the AIOC told Trend.
07 April 2005 [15:14]
The Asian Development Bank (ADB) presented a Review on Development of Asia in Baku office of the bank on Wednesday. Attending the ceremony were Mettiew Westfol, ADB County Director and Joseph Zveglich, ADB senior economist on country program, Trend reports.
07 April 2005 [15:04]
IV Azerbaijan International Tourism and Travel Exhibition will start its work by the organization of "Iteca Caspian" which is an exclusive partner of "Ite Group" of Great Britain in Caucasus.
06 April 2005 [15:18]
US oil company ChevronTexaco Corp. will purchase Unocal Corp. at $18bn, ChevronTexaco announced. The deal is paid at the expense of shares (75%) and in cash (25%).
06 April 2005 [14:48]
The Transport Ministers of Azerbaijan, Georgia and Turkey will hold a meeting in Istanbul, Turkey, late April - early May.
06 April 2005 [09:00]
Today Ambassador of USA to Baku Reno Harnish will attend the opening of the first southern region Marketing Center of the Azerbaijan Business Assistance and Development (ABAD) project in Jalilabad.
05 April 2005 [09:25]
In compliance with the payment balance of Azerbaijan for 2004, in 2004 Azerbaijan exported $3096.3m worth of oil and oil products, which 82.7% of all export ($3743m).
05 April 2005 [09:18]
In accordance with the 2004 payment balance of Azerbaijan, last year $4575.5m was invested in the country's economy, which 35.7% up as compared to 2003 ($3371m).
03 April 2005 [18:09]
Exhibition on International Transport and Logistics will be held in Baku on April 20-22.
03 April 2005 [17:43]
Yesterday an economical forum with the participation of businessmen representing different spheres of economy was held in the International Business Center.
02 April 2005 [16:41]
The world oil prices might reach $100 per barrel shortly, according to Investment bank Goldman Sachs publicized forecasts.
02 April 2005 [16:36]
A new general plan of Baku is being developed with close cooperation with the specialists from foreign countries such as Germany, France and Japan, Trend report quoting Akif Abdullayev, the senior architect of Baku.
02 April 2005 [16:11]
Every passenger of the metro is under strict control to ensure the security, Tagi Ahmadov, the head of the Baku Metro Production Association told a news conference held on Friday.
01 April 2005 [14:42]
An economic conference on Azerbaijan will be held in Berlin, Germany, on 31 May 2005, the Secretariat of the Council of Entrepreneurs at the Azerbaijani President told Trend.
01 April 2005 [14:25]
An issue on the establishment of the Azerbaijani President's Reserve Fund will be considered during the discussions of the draft law on Budgetary System in a spring session of the Milli Majlis [parliament], Fazil Farajaliyev, the head of the Budget Management Department of the Finance Ministry told Trend.
31 March 2005 [16:18]
In the nearest date the next stage of the talks held for the purpose of the membership of Azerbaijan to World Trade Organization will be held.
31 March 2005 [16:10]
Baku will host consultations on issue of new denominated banknotes next week.
31 March 2005 [15:53]
22 wagons are kept in Boyuk Kesik station of Georgia-Azerbaijan border.
31 March 2005 [15:51]
"Ganja Industrial Production" joint-stock company, which produces calculators, children's games, electronic watch, telephones, TV sets and cash registers, has begun assembling the computers.
30 March 2005 [14:05]
The privatization of Azercell Joint-Venture is probable in the first year of 2005, Farhad Aliyev, the Minister for Economic Development, told Trend on Tuesday.
30 March 2005 [13:54]
It is necessary to ensure transparency in the production, transportation and distribution of natural gas in Azerbaijan, as well as a process of collection of charges from consumers, Leyla Yunus, the Director of Institute of Peace and Democracy, told the roundtable held on Monday on the problem of gas supply to the country.
30 March 2005 [13:49]
Azerbaijan might face with a problem of insufficiency in gas supply in the winter period of 2005-2006, Etibar Pirverdiyev, the President of Azerenergy JSC, told journalists.
29 March 2005 [15:57]
The Azerbaijani government an agreement with a consortium of Shah-Daniz gas project on purchase of natural gas from his field, Majid Karimov, the Minister for Industry and Energy, told Trend.
29 March 2005 [15:53]
The Azerbaijan Micro-Financing Bank (AMFB) allocated $23m worth of credit. The Bank has recently allotted 10-month credit in the amount of $3,000 with 6 months for purchase of cargo automobile.
29 March 2005 [15:09]
The Azerbaijani Finance Ministry considers the compensation payments to people whose houses were raised to ground as a result of construction of the U.S. Embassy building are excessively increased, Avaz Alakbarov, the Azerbaijani Finance Ministry, told Trend.
26 March 2005 [16:17]
Construction of 3 underwater pipelines 100 km in length each to pump gas extracted from Shahdeniz field to Sangachal terminal will start in June 2005, according to Azerbaijan International Operating Company.
25 March 2005 [17:21]
The United States backs Kazakhstan's joining to the Baku-Tbilisi-Ceyhan main export oil pipeline, John Ordway, the U.S. Ambassador to Kazakhstan, told a news conference in Almaty.
25 March 2005 [17:12]
Meantime, Azerbaijan does not face with money laundering problem in big scope.
25 March 2005 [17:09]
The Azerbaijan State Railway Department (ASRD) is preparing technical ocuments to receive financing from the European Bank for Reconstruction and Development (EBRD).
24 March 2005 [15:01]
A new cargo air terminal was opened at the Heydar Aliyev International Airport on Wednesday with Azerbaijani President Ilham Aliyev, Trend reports.
24 March 2005 [14:59]
Three oil wells of preliminary drilling have been bored on 'Shahdeniz' oilfield (Azerbaijani sector of the Caspian) at the length of 40 km from offshore, Azerbaijan International Operating Company (AIOC) reports.
24 March 2005 [14:33]
ExxonMobil, a US company, has refused from drilling the second exploration well on the Zafar-Mashal, Natig Aliyev, the President of the State Oil Company of Azerbaijan (SOCAR) told journalists on Wednesday.
24 March 2005 [14:18]
The State Oil Company of Azerbaijan (SOCAR) wil be unable to pump its oil via the Baku-Novorossiysk oil pipeline in April-June 2005 due to load of Azerbaijani quote with oil of the Azerbaijan International Operating Company (AIOC), Natik Aliyev, the President of SOCAR, told Trend.
22 March 2005 [21:26]
President of the Azerbaijan Republic Ilham Aliyev on March 21 at the President Palace has received Mr. David Lesar, president of the Halliburton Company of the United States.
22 March 2005 [03:53]
"If for guard of oil BTC ?i?eline the necessity of attracting international ?arty arises, then we may consider this issue".
22 March 2005 [03:49]
The oil and gas ?roducing units (OGPU) of Azneft Production Association of the State Oil Com?any of Azerbaijan (SOCAR) ?ut into ex?loitation 8 wells in January to February, or 1 well less than the target. The wells were commissioned after drilling, Trend re?orts.
19 March 2005 [03:18]
The Euro?ean Bank for Reconstruction and Develo?ment (EBRD) is ready to consider o??ortunities for assistance in insurance market in Azerbaijan, if requested.
19 March 2005 [02:49]
Baku Office of Iran Air announced on its ?lans to o?en launch the first regular flight Tebriz-Baku on 28 March, Iranian agency IRNA re?orts.
19 March 2005 [02:47]
The Finance Ministry of Azerbaijan ?ublicized o?erative data on the execution of the Public Budget in January to February 2005.
18 March 2005 [19:09]
10 em?loyees of technical ?ersonnel of Azerbaijan airlines are to be trained in Egy?t from 7 to 21 A?ril in Cairo.
18 March 2005 [02:12]
In January to February of 2005, average monthly salary in Azerbaijan com?rised 533.000 manats ($108,727), 21.7% u? as com?ared to 2004, the State Statistics Committee told Trend.
18 March 2005 [02:08]
3.3 trillion manats (672.1 million dollars) were invested to the country economy in the first two months of the year, that is 5.2% more in comparison with January-February in 2004.
18 March 2005 [01:47]
In January to February 2005 the amount of the Gross Domestic Product of Azerbaijan has comprised 7031.8bn manats ($1434.4m at average exchange rate of 4902.2 AzM/USD fixed in January and February.
18 March 2005 [01:42]
The second international exhibition Autoshow opened at the Baku Sports and Exhibition Palace named after Heydar Aliyev on Wednesday, Trend reports.
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