Business
03 June 2009 [16:24]
Azerbaijan plans to produce about 50 million tons of oil in 2009 compared to 44.5 million tons in 2008, SOCAR President Rovnag Abdullayev said.
03 June 2009 [16:12]
Azerbaijan has potential to export 30 billion cubic meters of gas per year within 30 years as part of the South Energy Corridor, i.e. new direction of fuel deliveries, President of StatoilHyidro Azerbaijan Christian Hausken said on June 3.
03 June 2009 [13:41]
The International Atomic Energy Agency (IAEA) will start negotiating on construction of a nuclear reactor in Baku.
03 June 2009 [13:29]
The delegation of the Ministry of Taxes of Azerbaijan has conducted exchange of experience with the Administration of Tax & Financial Control of Hungary.
03 June 2009 [11:22]
The State Oil Company of the Azerbaijan Republic (SOCAR) will build own filling stations in the country, SOCAR high ranking official said on June 3.
03 June 2009 [10:50]
Azerbaijan will not change tariff on pumping the Azerbaijani oil via the Baku-Novorossiysk pipeline, how it was earlier offered by Russia, Azerbaijani Industry and Energy Minister Natiq Aliyev said at the "Oil&Gas 2009" conference on June 3.
03 June 2009 [10:44]
By 2015-2020-Azerbaijan will produce 40 bln cu m of gas, while maximal oil production will hit 65 mln tons, Minister of Industry and Energy of Azerbaijan Natik Aliyev.
03 June 2009 [09:17]
Azerbaijan intends to invite Iran to the negotiations on determining the legal status of the Caspian.
03 June 2009 [09:05]
Foreign oil firms involved in the Azeri-Chirag-Gunashli (ACG) Project in the Azerbaijan sector of the Caspian Sea in accordance with the so-called Contract of the Century offer to prolong the 30-year agreement signed in 1994, said Shahmar Movsumov, Executive Director of the State Oil Fund of Azerbaijan (SOFAZ).
03 June 2009 [09:03]
Chairman of the Board of the Central Bank of Azerbaijan Elman Rustamov and the United Kingdom Prince Andrew, Duke of York discussed economic cooperation between the two countries, the Central Bank said on June 2.
03 June 2009 [09:00]
Azerbaijan's oil production will total around 45 million tons and gas production 27 billion cubic meters, Azerbaijani President Ilham Aliyev stated in his opening remarks to the annual 16th International Caspian Oil and Gas Exhibition, Incorporating Refining and Petrochemicals on June 2.
02 June 2009 [16:26]
Baku Stock Exchange Management Board has decided to unilaterally release secured bonds of the Azerbaijan Mortgage Fund from commissions at its session on June 1.
02 June 2009 [16:11]
Baku Stock Exchange starts two-week trainings for the representatives of brokerage firms on transition to the new trading system. Today the specialists of BSE Trading Department made presentation about new trading system and held practical workshop in trading hall.
02 June 2009 [15:56]
Astana hosts the 35th Session of the meeting of Ministers of the Organization of Railways Cooperation, according to the press service for the Azerbaijan State Railway Company.
02 June 2009 [13:27]
The decision to stop night flights at the Heydar Aliyev International Airport will not affect ticket costs, head of the state concern AZAL Jahangir Askerov told journalists.
02 June 2009 [11:05]
Nabucco gas pipeline project will play a great role in the European energy security, Georgian Prime Minister Nika Gilauri said.
02 June 2009 [10:56]
Azerbaijan is becoming a strong energy leader in the region and can contribute to European energy security, U.S. Special Envoy for Eurasian Energy Richard Morningstar said at opening ceremony of the annual 16th International Caspian Oil and Gas Exhibition, Incorporating Refining and Petrochemicals on June 2.
02 June 2009 [10:46]
Find below the letter of US President Barack Obama read out by US special envoy on Eurasian energy Richard Morningstar Tuesday at the opening ceremony of the Sixteenth International Caspian Oil and Gas Exhibition and Conference in Baku:
02 June 2009 [10:15]
Baku-Nakhchivan-Istanbul-Baku flight operated by Azerbaijan Airlines has been suspended. Nakhchivan International Airport told APA’s local bureau that few number of passengers caused this.
02 June 2009 [08:50]
Azerbaijani President Ilham Aliyev has met a delegation under the leadership of Special US Envoy on Energy Issues in Eurasia Richard Morningstar, Azertag state information agency reported.
02 June 2009 [08:48]
U.S. Special Envoy for Eurasian Energy Richard Morningstar met with the members of the US-Azerbaijan Chamber of Commerce in Baku, APA reports.
02 June 2009 [08:44]
The involvement of the United States in energy issues is important not only for the energy security of America, but also for the energy security of each country, said the U.S. Special Envoy for Eurasian Energy Richard Morningstar, who is on visit to Baku.
01 June 2009 [16:39]
The State Oil Company of the Azerbaijan Republic (SOCAR) informed the
French Total, which is the operator of the Absheron project, about its
agreement to involve the Gaz de France SUEZ (GDF/SUEZ) company to the
joint exploration of the largest gas field.
01 June 2009 [16:34]
The State Oil Company of the Azerbaijan Republic (SOCAR) and Dubai DB
Petroleum signed a PSA contract on rehabilitation and exploration of
the Buzovna-Mashtaga field in Baku, SOCAR reported on June 1.
01 June 2009 [14:54]
Iran intends to build tractor plant in Azerbaijan, Iran's Urmiya
Tractor Plant Director International Affairs Hasan Allahverdizade said
over telephone from Urmiya.
01 June 2009 [13:44]
A two-day visit of Georgian delegation led by Prime Minister of Georgia Nikoloz Gilauri to Baku, Azerbaijan, started Monday. The Premier will participate in the 16th international conference on oil and gas from the Caspian fields.
01 June 2009 [13:05]
In accordance with the bilateral cooperation plan signed between Azerbaijan and the US, workshop on the bases of communication will start in Baku today, Defense Ministry’s press service told APA.
01 June 2009 [13:00]
The U.S. Energy Information Agency (EIA) forecasts the production of
liquid hydrocarbon will hit 1.1 million barrel per day in Azerbaijan
the next year.
01 June 2009 [11:08]
The State Oil Company of Azerbaijan (SOCAR) has completed construction
of new Umid-1 platform on the Umid perspective field, the company
said.
01 June 2009 [09:30]
Russia is ready to submit its proposals to Baku on the construction of a nuclear power plant in Azerbaijan, said Russian Deputy Minister of Energy Vyacheslav Sinyugin, Novosti-Azerbaijan reports with reference to ANS.
30 May 2009 [13:09]
The Russian side will launch operations within synchronization project
of energy systems of Azerbaijan, Iran and Russia in the nearest
future, Azerenergy JSC (production and sale of power energy in
Azerbaijan) head said.
30 May 2009 [12:54]
SOFAZ chief executive Shahmar Movsumov received a delegation headed by the Head of Administration of the Tambov district of Russia Oleg Betin, reports Day.Az with reference to the press service of for the State Oil Fund.
30 May 2009 [09:38]
Russian CJSC Synterra and PU Aztelekom (the state communication operator) signed the agreement on joint venture establishment rendering telecommunication services for third countries, Russian energy minister Sergei Shmatko said at the press-conference in Baku.
30 May 2009 [09:28]
Azerbaijan and Russia will hold consultations regarding expediency of
designing and signing new inter-governmental agreement on transport of
Azerbaijani oil via Russia, Russian Energy Minister Sergey Shmatko
said after meeting of the joint inter-governmental commission on
economic cooperation in Baku.
30 May 2009 [09:17]
President of Azerbaijan Ilham Aliyev has today received Russian Minister of Energy, Chairman of the CIS Power Industry Council Sergei Shamko and his accompanying delegation.
30 May 2009 [09:13]
30 May 2009 [08:58]
The relative stabilization of economic situation in Azerbaijan still does not give reason to the Government to veg out, said Elman Rustamov, Chairman of the Central Bank, at the parliamentary discussion on the 2008 state budget performance report.
30 May 2009 [08:55]
The State Commission on Radio frequencies has allocated new frequencies
to 18 companies and organizations operating in Azerbaijan.
29 May 2009 [16:43]
In January-March 2009, the United States imported about 4.6 million
barrels of oil from Azerbaijan, compared to 4.4 million barrels in the
same period of 2008, the U.S. Energy Information Agency (EIA) said.
29 May 2009 [16:35]
SOCAR (State Oil Company of Azerbaijan) completed construction of two
marine electricity transmission lines in length of 1.5 kilometers,
which allowed to supply electricity to two platforms on large offshore
oil and gas field Oil Rocks, SOCAR reported on May 29.
29 May 2009 [14:23]
Azerbaijani and Turkish officials plan to reach agreement to increase
cost of Azerbaijani gas exported to Turkey during talks as a part of
the Caspian Oil and Gas 2009 exhibition and conference to be held in
Baku on June 2-5, Turkish ambassador to Azerbaijan Hulusi Kilij said.
29 May 2009 [12:59]
On May 28, the price of AZERI LT CIF Augusta was $65.75 per barrel, or
$2.24 per barrel more compared to the previous day's price, according
to the State Oil Company of Azerbaijan (SOCAR), which has produced
Light Oil since 1997.
29 May 2009 [12:47]
The United States is ready to support Azerbaijan in joining the World Trade Organization (WTO), head of the U.S. Embassy in Azerbaijan Public Relations Department Terry Davidson said at the opening of an international student program "Students in free enterprise."
29 May 2009 [11:57]
Azerbaijani Minister of Youth and Sport Azad Rahimov called on youth to participate more actively in strengthening the country's economy.
29 May 2009 [11:55]
A parallel work of the power grids of Azerbaijan and Russia is very important for both countries, in particular for providing of Russia's south with energy, Russian Energy Minister Sergey Shmatko told a 35th meeting of the CIS Electric Power Council in Baku.
29 May 2009 [11:37]
Azerbaijan could ensure its power security and turned from importer to exporter of electricity in a short period of time.
27 May 2009 [17:51]
Azerbaijani Industry and Energy Ministry Public Gas Control Office
started the application of changes made to the administrative code to
increase fines for violating the requirements of the legislation in
the sphere of gas, heat and electricity, head of the Office Asif
Zeynalov said.
27 May 2009 [14:11]
Priority issues of cooperation between Azerbaijan and Latvia will be discussed during the official visit by Latvian President Valdis Zatlers to Baku in mid-July, Azerbaijani Ambassador to this Baltic country Tofig Zulfugarov told Trend News on Wednesday.
27 May 2009 [12:50]
Azerbaijan coordinates GSM channels in the territories bordered with
Iran, the state radio frequencies department at the Azerbaijani
Communications and Information Technology (IT) said.
27 May 2009 [10:49]
Azerbaijani tourists do not cut the demand for overseas travel due to the global financial and economic crisis, Head of Azerbaijani Culture and Tourism Ministry Tourism Department Aydin Ismiyev said on May 26.
27 May 2009 [10:46]
The State Oil Fund of Azerbaijan (SOFAZ) has not yet allocated significant funds to construct the Georgian section of the Baku-Tbilisi-Kars railway this year, SOFAZ Executive Director Shahmar Movsumov said.
27 May 2009 [10:24]
Repair work in Icherisheher (Old City) can be authorized only by State Historical and Architectural Reserve Office under the Cabinet of Ministers.
27 May 2009 [09:47]
Russia will prevent interference of non-Caspian states in ensuring the border security in the Caspian Sea, despite such attempts by some states.
27 May 2009 [09:29]
The Asian Development Bank continues working at the project of modernization and water supply of small cities of the country within the framework of extensive financing, according to Novosti-Azerbaijan.
26 May 2009 [17:40]
The Azerbaijani Transport Ministry plans to put the first circular
road into exploitation in Baku in late 2009 and early 2010,
Azerbaijani Transport Ministry Press Secretary Namiq Hasanov said on
May 26.
26 May 2009 [17:15]
"The Dzhask pipeline will connect the Caspian Sea to the Persian
Gulf," the Mehr agency quoted Director of the Iranian National Oil
Company Seyfulla Dzhashnsaz as saying.
26 May 2009 [15:20]
The State Oil Company of Azerbaijan Republic (SOCAR) intends to hold
negotiations to develop deep-laying gas in the offshore unit of the
Azeri-Chirag-Guneshli (ACG) oil and gas fields on the base of own
commercial proposals submitted by the ACG partners, a senior official
of the SOCAR said.
26 May 2009 [14:34]
Azerbaijan Mortgage Fund (AMF) has announced that it will re-start lending mortgage loans through its network of authorized lending institutions from June 1, 2009.
26 May 2009 [14:08]
Public Association "Estate market participants" drew conclusions of the estate market of Azerbaijani capital for April of 2008.
26 May 2009 [13:24]
The State Oil Company of the Azerbaijan Republic (SOCAR), which owns
51 percent share of the Turkish petrochemical holding Petkim in the
alliance of companies Turcas Petrol and Injaz Projects, is planning to
commence the construction of an oil refining plant, SOCAR's high
ranking official said.
26 May 2009 [11:19]
Leader of the united transport administration of Georgia Georgy Bokuchava met with deputy chief of the civil aviation administration of Azerbaijan Fuad Kuliyev in Baku.
26 May 2009 [09:21]
Representatives of ministries and departments of Azerbaijan are taking part in a meeting on the future development of transport and trade, which was launched in Ulan Bator (Mongolia) Monday, Novosti-Azerbaijan reported with reference to the Transport Ministry.
25 May 2009 [17:31]
There is great progress in the Azerbaijan-Turkey talks on transit of
Azerbaijani gas via Turkey and possible export of Azerbaijani gas in
Shah Deniz II, senior SOCAR official said.
25 May 2009 [13:42]
Gas output of the Shah Deniz gas and condensate field will total 9 billion cubic meters per year until the start of the second phase of development, Azerbaijani industry and energy minister Natig Aliyev said.
25 May 2009 [13:05]
Azerbaijan, Turkey and Georgia have signed a protocol during the first meeting of the Committee to supervise the construction of a new railway Baku-Tbilisi-Kars (BTK), the Turkish Cihan reported.
25 May 2009 [11:32]
Azerbaijan has several opportunities to export own gas to the European markets, Azerbaijani Foreign Minister Elmar Mammadyarov told Trend Capital in Syria.
25 May 2009 [11:06]
On May 25-June 6, the Azerbaijan State Maritime Administration will
take part in the 86 session of the Marine Safety Committee of the
International Maritime Organization in London, the administration said
on May 25.
23 May 2009 [12:57]
SOCAR plans to complete the first phase of expansion of Garadagh
underground gas holder, SOCAR First Vice President Khoshbakt Yusifzade
said.
23 May 2009 [12:23]
Azerbaijani Finance Minister Samir Sharifov will make a speech at the regional economic forum on the current economic situation and medium-term perspectives of the Black Sea region organized by the Black Sea Trade and Development Bank (BSTDB) in Saloniki on June14, the bank said.
23 May 2009 [10:53]
Talks between Turkish Petkim and Iran's National Petrochemical Company
on construction of methanol and polyethylene plant in Iran are at an
early stage, senior SOCAR official said. SOCAR holds 51 percent share
in Petkim together with an alliance with Turkish Turcas.
23 May 2009 [10:36]
Azerbaijan transported 13.07 millions tons of cargo in January-April -
a 38.75-percent increase from the same period in 2008, the State
Customs Committee said.
23 May 2009 [10:22]
Azerbaijan imported goods worth $562.06 million from the Commonwealth
of Independent States (CIS) in January-April, or 30.93 percent of the
country's total imports, the State Customs Committee said.
22 May 2009 [17:36]
President of Azerbaijan Ilham Aliyev today received vice-president of the BP Company Andrew Inglis.
22 May 2009 [16:16]
To implement the proposed Nabucco gas pipeline project is more complicated than other projects, said Azerbaijan’s Minister of Industry and Energy Natig Aliyev.
22 May 2009 [16:03]
Iran signed a contract with an Asian company to conduct exploration in
the Caspian.
Azerbaijan urges Israel to avoid Azerbaijani-populated areas in Iran amid escalating conflict
BSEC Parliamentary Assembly commission meets in Baku to address disability inclusion in education and employment
Turkish Speaker urges revival of regional cooperation
Azerbaijan outlines roadmap to transform Gakh into an international tourism hub
World of Mugham Int'l Music Festival on verge of starting
CEO Shahin Novrasli envisions Baku Piano Festival's growth beyond stage [EXCLUSIVE]
Evacuation of foreign nationals from Iran to Azerbaijan continues through Astara border