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Pakistan’s International Brands Limited (IBL) has expressed interest in investing pharmaceutical industry in Azerbaijan’s industrial zones during the meeting between Chairman of Board of Azerbaijan’s Agency for Development of Economic Zones (ADEZ) Elshad Nuriyev, Pakistani Ambassador ...

Economy 2023-01-11 17:41:00

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with British Ambassador Fergus Auld. “During the meeting, we have discussed the economic relations between our countries, development of the cooperation in the fields of investments, trade, energy, as well as the participation ...

Economy 2023-01-11 17:01:00

The U.S. Energy Information Administration (EIA) has announced its forecast for the average daily production of petroleum and other liquids in Azerbaijan for 2024. In 2024, Azerbaijan’s petroleum and other liquids production is expected to be 660,000 barrels per day ...

Oil & gas 2023-01-11 16:17:00

“Azerbaijan Investment Company plays a special role in the promotion of equity investments in the non-oil sector of the country,” Minister of Economy Mikayil Jabbarov said on Twitter. “In 2022, Azerbaijan Investment Company invested 10 mln. ₼ in 5 projects on food processing ...

Economy 2023-01-11 15:26:00

The U.S. Energy Information Administration said in a monthly report issued Tuesday that it expects global consumption of liquid fuels, such as gasoline, diesel and jet fuel, to reach a record high in 2024, according to MarketWatch ...

Oil & gas 2023-01-11 12:09:00

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.2 to trade at $84.83 ...

Oil & gas 2023-01-11 11:00:00

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.64 to trade at $79.46, while the price of the Light crude oil at the NYMEX ...

Oil & gas 2023-01-11 10:29:00

Chaired by Prime Minister of Azerbaijan Ali Asadov, the first meeting of the Organizing Committee established in accordance with President Ilham Aliyev’s decree in connection with holding the 74th International Astronautical Congress in Baku on October 2-6, 2023, has been held ...

Economy 2023-01-10 19:06:00

The first electronic TIR (eTIR) transport in line with the Customs Convention on the International Transport of Goods under Cover of TIR Carnets (TIR Convention) has taken place between Uzbekistan and Azerbaijan, according to the official website of the United Nations Economic Commission for Europe (UNECE) ...

Economy 2023-01-10 13:24:00

The foreign exchange (FX) auction was held at the Central Bank on January 10. $51.2m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000. ...

Finance 2023-01-10 12:55:00

“Entrepreneur Ilham Mammadov has received 200,000 ₼ in concessional loan from the Entrepreneurship Development Fund for the project aimed at the development of tourism in Guba district,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter ...

Economy 2023-01-10 12:08:00

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.03 to trade at $84.63. ...

Oil & gas 2023-01-10 11:34:00

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.41 to trade at $79.24, while the price of the Light crude ...

Oil & gas 2023-01-10 10:55:00

As part of the development of the flight program, “Azerbaijan Airlines” will start operating flights from Baku to Almaty, the largest city of Kazakhstan, in March 2023. Thus, starting from 17 March, AZAL plans to launch Baku-Almaty-Baku flights ...

Economy 2023-01-09 16:47:00

“The registered residents are expected to invest a total of 171 million AZN and create more than 2,400 jobs,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter. “In 2022, 28 entrepreneurship entities obtained the status of a resident in the industrial zones ...

Economy 2023-01-09 14:59:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $1.16 to trade at $79.73, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased ...

Oil & gas 2023-01-09 11:04:00

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.65 to trade at $84.6 ...

Oil & gas 2023-01-07 10:56:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.12 to trade at $78.57, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.1 to stand at $73.77 ...

Oil & gas 2023-01-07 10:48:00

Dubai-based The Gulf Observer portal has published an article highlighting Azerbaijan’s Shahdagh Mountain, which is a part of the Greater Caucasus mountain range located on the border with Russia ...

Tourism 2023-01-06 17:48:00

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.61 to trade at $79.3, while the price of the Light crude oil at the NYMEX ...

Oil & gas 2023-01-06 11:58:00