Business
05 October 2009 [14:39]
The volume of investments in Azerbaijan’s economy under the PSA (Production Shearing Agreement) signed with foreign oil and gas companies are estimated at $60 billion, State Oil Company of Azerbaijan Republic (SOCAR) President Rovnag Abdullayev said in an interview with Region+ magazine.
05 October 2009 [13:44]
Last week (Sept. 28-Oct. 2), the average world price of 13 major varieties of oil has kept the corridor $64.6-$67.8 per barrel.
05 October 2009 [12:17]
Israel’s largest defense electronic company Elbit Systems has opened its office in Azerbaijan.
05 October 2009 [11:46]
Azerbaijan can supply around 7 billion cubic meters of natural gas to be transported through Nabucco, "when and if the pipeline becomes operational", Assistant Vice President of SOCAR (State Oil Company of Azerbaijan) Vitaliy Baylarbayov said at the Black Sea Energy and Economic Forum in Bucharest.
05 October 2009 [11:31]
Russia still remains one of the major trade partners of Azerbaijan, and exports to Azerbaijan occupies a leading position with a percentage of 17.5 percent, said the trade representative of Russia in Azerbaijan Yuri Shedrin at the meeting of Azerbaijan-Russia Chamber of Business Cooperation on Oct 2.
05 October 2009 [10:49]
Azerbaijan and the U.S will discuss regional energy issues in Baku.
05 October 2009 [10:33]
03 October 2009 [10:39]
The first gas, most likely from Iraq, will flow through the Nabucco gas pipeline in the fourth quarter of 2014, the consortium confirmed on Thursday and said it hopes for further supply from Azerbaijan in 2015 or 2016, Reuters reported.
03 October 2009 [08:21]
02 October 2009 [17:22]
The U.S. Energy Information Administration Administrator Richard Newell spoke with Trend Capital in an exclusive interview.
02 October 2009 [15:34]
02 October 2009 [13:53]
The international arbitrage has rejected the suit worth $740 million against the Azerbaijani government filed by Dutch companies, including Azpetrol İnternational Holdings B.V., Azpetrol Oil Services Group B.V. and Azpetrol Group B.V., as well as Fondel Metal Participations B.V., the Azerbaijani Ministry of Economic Development said on Oct. 1.
02 October 2009 [13:34]
Bread prices should be reduced in Azerbaijan, Agriculture Minister Ismat Abbasov said on Oct. 2.
02 October 2009 [11:57]
PhD candidate at Bordo-based Institute of Political Studies Samuel Lussac spoke to Day.Az in an interview.
02 October 2009 [11:38]
European participants of the Nabucco gas pipeline project hope that Azerbaijan and Iraq will become the first supplier of gas to the pipeline at the end of 2014, Nabucco consortium Director General Reinhard Mitschek said in Vienna on Oct. 1.
02 October 2009 [10:17]
From Jan. 1, 2010, the State Oil Company of Azerbaijan Republic (SOCAR) will export 1.5 million cubic meters of Azerbaijani gas to Russia per day, said Nazim Samadzade, First Deputy Head of Azerigas Production Unity (PU) of SOCAR.
02 October 2009 [09:12]
02 October 2009 [08:44]
The first meeting of Azerbaijan-India intergovernmental commission will be held in Delhi by the yearend, Indian ambassador to Azerbaijan Debnat Show said at the news conference.
01 October 2009 [16:55]
India has offered Azerbaijan Airlines (AZAL) to open direct flights between Azerbaijan and India, Indian ambassador to Azerbaijan Debnat Show said.
01 October 2009 [12:58]
The protocol was approved at the sixth meeting of Azerbaijani-Kazakh inter-governmental commission on economic cooperation in Baku.
01 October 2009 [09:33]
Crude prices jumped nearly 6 percent on Wednesday after government data showed an unexpected drop in gasoline inventories, Xinhua reported.
01 October 2009 [09:04]
The State Oil Company of Azerbaijan (SOCAR) has completed the dredging work on its own Black Sea terminal in Kulevi, which will allow receiving tankers with dead weight of 104,000 ton, a source at the port said.
01 October 2009 [08:56]
Upon decision by Tariff (Price) Council of Azerbaijan, from Oct. 1 the tariffs on passenger service in the Baku Metro will be tripled, the Ministry of Economic Development of Azerbaijan said on Sept. 30.
30 September 2009 [14:40]
The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets, AP reported.
30 September 2009 [10:45]
The idea of establishing a regional financial center, which has been discussed since 2007 by Baku and Tbilisi Interbank Currency Exchange, has been frozen, manager of Baku Inter-Bank Currency Exchange Farhad Amirbayov said.
30 September 2009 [09:53]
Azerbaijan State Oil Company (SOCAR) produced 5 billion cubic meters of gas in Jan.-Aug. 2009.
30 September 2009 [09:10]
29 September 2009 [17:34]
Azerbaijan in terms of energy is of great importance for Europe, believes Robert Cutler, Senior Research Fellow at the Institute for the European, Russian and Eurasian Studies at the Carleton University of Canada.
29 September 2009 [16:35]
Azerbaijan and France will launch cooperation in the field of tourism, Minister of Culture and Tourism of Azerbaijan Abulfas Garayev said.
29 September 2009 [16:10]
A total of 20 hotels have been into operation in Azerbaijan since the beginning of the year, Azerbaijani Culture and Tourism Minister Abulfas Garayev said at a news conference.
29 September 2009 [14:14]
The number of tourists travelling to Azerbaijan increased by 0.3 percent in Sept. compared to the same month of last year.
29 September 2009 [12:32]
The Baku Stock Exchange and the International Finance Corporation have today held a conference entitled "Listing: an Alternative Way of Funding" on the introduction of the new listing rules on the BSE.
28 September 2009 [17:56]
Capacity Russia 2009 annual telecommunications congress will be held in Moscow for Russian and the CIS countries on October 5-6 of current year.
26 September 2009 [12:27]
The Azerbaijani Central Bank (CB) has completed the first phase of the project on improvement of risk management, Director of the CE department on supervision over the activities of credit organizations Rashad Orujov said.
25 September 2009 [17:50]
After years of dithering, and despite Moscow's threats, agreement has been finalised for a project to bring non-Russian gas to Europe, The UK-based The Telegraph newspaper reports.
25 September 2009 [17:26]
Trade turnover between Georgia and Azerbaijan totaled $365 million in January-August 2009, which makes up 65 percent of last year’s indicator.
25 September 2009 [16:41]
Under the agreement on establishment of Caspian Oil Transportation System (COTS), Azerbaijan and Kazakhstan are discussing new opportunities to export the Kazakh oil through the country, Presidentof the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said in Astana.
25 September 2009 [14:16]
World leaders announced on Friday that the Group of 20 developed and developing nations would become the top economic forum, spreading influence to emerging powers such as China and India, AFP reported.
25 September 2009 [12:54]
The Nabucco pipeline project will be promising if it pumps Iranian natural gas, former German chancellor Gerhard Schroeder told a Eurasian energy forum underway in Kazakhstan's capital, Astana.
25 September 2009 [12:17]
An agreement should be reached among producers, transit countries and consumers of natural gas that the transit countries cannot re-export the received gas, President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said at a news conference during the sixth Eurasian Energy Forum.
25 September 2009 [11:32]
Azerbaijan has created favorable conditions for foreign investors' activities and has great business opportunities, the British Co-Chair of the Azerbaijan-UK Business Council Lord Howell said at the meeting of the council in London.
25 September 2009 [10:17]
“Armenia breaks records for the rate of the economic downturn compared to the other CIS member states,” Former Director of the Armenian Central Bank Bagrat Asatryan told reporters.
25 September 2009 [08:56]
The Azerbaijani-Czech business forum in Baku was attended by about 40 Czech entrepreneurs from the spheres of transport, industry, construction and financial sectors and tourism, and about 100 Azerbaijani businessmen.
24 September 2009 [16:52]
Speaking about Turkmenistan's active position on reliable and stable energy transit, Former U.S Secretary of State, Henry Kissinger, stressed the importance of initiatives to diversity the Turkmen export pipeline system.
24 September 2009 [12:08]
The World Bank (WB) mission jointly with the Azerbaijani government will review the project portfolio in the country on Sept. 27 to Oct. 3, WB Baku office said.
24 September 2009 [10:17]
Public association Property Market Participants has released results of the August monitoring into the state of the secondary car market of Azerbaijan’s capital.
23 September 2009 [13:16]
The Asian Development Bank (ADB) will extend up to $600 million in loans to Azerbaijan for water and sanitation improvements in towns that have suffered from decades of neglect and underinvestment in infrastructure.
23 September 2009 [11:45]
Alternative energy sources should be developed in remote regions of Azerbaijan, Industry and Energy Minister Natiq Aliyev said.
23 September 2009 [11:33]
Feasibility study of the Trans-Caspian gas pipeline will be submitted by Kazakhstan not earlier than the first quarter of next year, KazMunaiGaz national company COE Daniyar Berlibayev said.
23 September 2009 [10:18]
LUKOIL oil company plans to extract first Russian oil from the Russian shelf of the Caspian Sea in March 2010, company’s President Vagit Alekberov said at a meeting with Russian Prime Minister Vladimir Putin.
21 September 2009 [11:48]
The Swiss State Secretariat for Economic Affairs (SECO) launched the process of approval of the project of reforms on the Azerbaijani financial infrastructure, head of the SECO National Program in Azerbaijan Naila Safarova said.
21 September 2009 [10:45]
According to the State Customs Committee of Azerbaijan, in January to August, cargo transportation by vehicles made up 27.49 million tons of cargo or 62.91 percent less than the same period of 2008.
19 September 2009 [23:10]
19 September 2009 [11:07]
In 2009, Azerbaijan ranked 61st in the "Index of IT competitiveness", with 21.3 points out of a possible 100, according to the international survey conducted by the Economist Intelligence Unit analytical agency, supported by the Association of BSA Software Producers, www . infocity.az reported.
19 September 2009 [10:36]
The construction of the Trans-Caspian pipeline designed to export gas from Central Asia to the European markets via the South Caucasus will require consent of all the Caspian countries, Europe's major gas supplier, Norway's StatoilHydro, said.
18 September 2009 [17:38]
Ashgabat will host an international conference on "Protection and sustainable use of bioresources of the Caspian Sea" on Oct. 8-10.
18 September 2009 [13:38]
“Despite difference in mentalities, high taxes and the risk of delivery through the two predictable neighbors, Lithuanian companies have a great interest in Azerbaijan because of a high purchasing power,” ‘Lithuanian Courier’ quoted Lithuania-based ‘Verslo zinios’ as reporting.
18 September 2009 [12:51]
Armenia has refused to participate in the conference of the heads of the emergency situations agencies of the Organization of Black Sea Economic Cooperation (BSEC) in Baku.
17 September 2009 [15:50]
Trend News Persian desk's interview with the Director of Dispatch Center of the National Iranian Gas Company (NIGC) Hassan Muntazar Turbat, who attended international conference Infrastructure World Caspian-2009 in Baku.
17 September 2009 [13:29]
Working groups on emergency situations of the Organization of the Black Sea Cooperation (BSEC) are holding joint meeting in Baku.
17 September 2009 [13:12]
Azerbaijan International Mining Company (AMIC) puts on sale gold produced from Azerbaijan’s Gadabay deposit on European stock exchanges, engineer at Gadabay gold processing plant Suleyman Karimov said.
17 September 2009 [10:41]
The Korean Daewoo and the Azerbaijani City Bus companies inked a contract to deliver 1,000 buses on Sept. 16, the Azerbaijani Transport Ministry reported.
17 September 2009 [09:18]
President of Azerbaijan Ilham Aliyev today has received British delegation led by Lord Hunt, Minister of State for the Department of Energy and Climate Change.
17 September 2009 [08:48]
The United Kingdom is ready to support development of the Southern Gas Corridor, UK Energy Minister Lord Hunt said to a news conference in Baku on Sept.16.
17 September 2009 [08:34]
SOCAR President Rovnag Abdullayev received UK energy minister Lord Hunt in Baku on Sept. 17.
16 September 2009 [15:09]
Asian countries are ahead in the global economic recovery but the rebound is still very weak, IMF Managing Director Dominique Strauss-Kahn was quoted as saying in an interview published on Wednesday, Reuters reported.
16 September 2009 [12:44]
"Nabucco gas pipeline project can well do without Iranian gas."
16 September 2009 [12:18]
Nominal cash incomes of Azerbaijan population totaled 14 billion manat in Jan.-Aug. 2009, a rise of 12.6 percent from the same period of 2008, the State Statistics Committee said.
16 September 2009 [08:43]
Baku hosted an exhibition on the 15th anniversary of the "Contract of the Century" on Sept. 15.
15 September 2009 [17:27]
The State Oil Company of Azerbaijan (SOCAR) has today hosted a meeting with the delegation headed by Bill Schrader, the former president of BP-Azerbaijan.
15 September 2009 [16:27]
Thailand takes interest in development of promising hydrocarbon resources in Azerbaijan, said Vagif Aliyev, SOCAR official for international investments.
15 September 2009 [13:42]
Azerbaijan may in the short term join a Kazakh project which envisages gas exports to China, President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said.
15 September 2009 [13:17]
Iran reached an agreement with Azerbaijan to buy 5 billion cubic meters of gas per year, Iranian ambassador to Azerbaijan Muhammadbaghir Bahrami said at a new conference.
15 September 2009 [12:29]
Investments in Azerbaijan’s economy earmarked as part of the contracts on development of oil and gas fields have hit $37 billion, Azerbaijan State Oil Company (SOCAR) President Rovnag Abdullayev said at a conference ‘Gas Infrastructure World Caspian 2009.'
15 September 2009 [12:16]
Iran says Nabucco gas pipeline project will fail without country's participation.
Powering Azerbaijan’s post-oil horizons: why SOFAZ’s Peruvian venture matters
Ukraine pledges not to strike CPC infrastructure or non-Russian tankers
Azerbaijan to transit new Russian wheat and coal shipments to Armenia
Prime Minister of Armenia makes phone call to President Ilham Aliyev
Japan demands U.S. stop using anime and game memes
French MFA issues statement marking anniversary of Washington summit
Colombia to join US-backed “Shield of Americas” alliance