Economics

Economics

SOFAZ budget for 2017 approved

President of Azerbaijan Ilham Aliyev has approved the budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2017. The Presidential Decree approves SOFAZ revenues for 2017 at 8,370,589,800 manats and expenditures at 14,483,856,000 manats. In the ...

President of Azerbaijan Ilham Aliyev has approved the budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2017. The Presidential Decree approves SOFAZ revenues for 2017 at 8,370,589,800 manats and expenditures at 14,483,856,000 manats. In the SOFAZ incomes, revenues from the sale of profitable oil and gas are forecast at 7,550,705,300 manats, acre payments are forecast at 3.465 million ...

11.01.2017 / 00:00

AIIB allocates $600 mln for TANAP

The Asian Infrastructure Investment Bank (AIIB) has approved a $600 million loan for Trans-Anatolian Natural Gas Pipeline (TANAP), according to Beijing headquarters of the bank. AIIB Vice-President D J Pandian said that along with strengthening ...

The Asian Infrastructure Investment Bank (AIIB) has approved a $600 million loan for Trans-Anatolian Natural Gas Pipeline (TANAP), according to Beijing headquarters of the bank. AIIB Vice-President D J Pandian said that along with strengthening Azerbaijan’s economy TANAP will also contribute to strengthening Turkey’s and Europe’s energy security. The loan was allocated to ...

22.12.2016 / 00:00

KBR awarded agreements for global engineering services by BP International Limited

Houston-based KBR today announced that it has been awarded two global agreements by BP International Limited; one for the provision of conceptual engineering services and another for the provision of pre-front end engineering design (FEED) and ...

Houston-based KBR today announced that it has been awarded two global agreements by BP International Limited; one for the provision of conceptual engineering services and another for the provision of pre-front end engineering design (FEED) and FEED engineering services. Each agreement has a contractual duration of three years with an option on each to extend for two additional years, according ...

20.12.2016 / 00:00

Azerbaijan Trade House to open in Belarus

Azerbaijan`s trade house will be established in Belarus. This was agreed during a meeting between Azerbaijani Economy Minister Shahin Mustafayev and Deputy Prime Minister of Belarus Vladimir Semashko in Minsk. They also discussed the ways of ...

Azerbaijan`s trade house will be established in Belarus. This was agreed during a meeting between Azerbaijani Economy Minister Shahin Mustafayev and Deputy Prime Minister of Belarus Vladimir Semashko in Minsk. They also discussed the ways of developing cooperation between two countries in the fields of trade, industry, economy, agriculture, tourism, and pharmaceutical ...

19.12.2016 / 00:00

Caspian Shipping, Odessa Marine Engineering created joint venture

Azerbaijan Caspian Shipping Company and the Marine Engineering Bureau of Odessa signed an agreement on establishment of a joint venture. According to the Caspian Shipping Company, the agreement on the Caspian Marine Engineering Bureau was signed ...

Azerbaijan Caspian Shipping Company and the Marine Engineering Bureau of Odessa signed an agreement on establishment of a joint venture. According to the Caspian Shipping Company, the agreement on the Caspian Marine Engineering Bureau was signed by Shipping Company’s chairman Rauf Valiyev and Odessa Bureau’s director Gennady Egorov. "The new JV will become the center of modern ...

14.12.2016 / 00:00

Natig Aliyev: Azerbaijan to slash oil output by 35,000 bpd

“Azerbaijan will cut its oil output by 35,000 barrels per day,” said Azerbaijan`s Energy Minister Natig Aliyev as he commented on the results of OPEC and non-OPEC Ministerial Meeting in Vienna. Natig Aliyev noted that OPEC and ...

“Azerbaijan will cut its oil output by 35,000 barrels per day,” said Azerbaijan`s Energy Minister Natig Aliyev as he commented on the results of OPEC and non-OPEC Ministerial Meeting in Vienna. Natig Aliyev noted that OPEC and non-OPEC producers reached the deal to curtail oil output jointly. “The 11 non-OPEC countries agreed to reduce their output by 558,000 bpd. Azerbaijan ...

12.12.2016 / 00:00

Port of Baku, Islamic Corporation for Development of Private Sector sign MoU

The Baku International Sea Trade Port CJSC and Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, have today signed a Memorandum of Understanding. The document was signed by ...

The Baku International Sea Trade Port CJSC and Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank (IsDB) Group, have today signed a Memorandum of Understanding. The document was signed by Director General of the Baku International Sea Trade Port Taleh Ziyadov and Chief Executive Officer of Islamic Corporation for the Development of the ...

09.12.2016 / 00:00

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Economics

24.04.2017 / 16:17

Azerbaijani Savalan wines to be presented in Kazakhstan

Politics

24.04.2017 / 16:10

Azerbaijani FM heads to Lithuania

Culture

24.04.2017 / 15:58

Baku hosts solemn opening of 9th International Mstislav Rostropovich Festival

Politics

24.04.2017 / 15:34

Armenian armed units violated ceasefire with Azerbaijan 113 times throughout the day

Politics

14.03.2017 / 00:00

Boris Johnson: UK values its relationship with Azerbaijan

Politics

14.03.2017 / 00:00

NATO experts visit Azerbaijani Defence Ministry`s Department of International Military Cooperation

Politics

14.03.2017 / 00:00

Foreign Ministry: Azerbaijan does not recognize so-called parliamentary elections held in Abkhazia

Economics

13.03.2017 / 00:00

Azerbaijan, Iran, Russia reach cut rail tariffs by 50%

Politics

13.03.2017 / 00:00

President Ilham Aliyev met with Deputy CEO of SUEZ in Paris

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Politics

10.03.2017 / 00:00

Azerbaijan, UK sign military cooperation plan

Politics

10.03.2017 / 00:00

President Ilham Aliyev received delegation led by Saudi Minister of State for Arab Gulf Affairs

Politics

10.03.2017 / 00:00

President Ilham Aliyev received delegation of French senators

Politics

09.03.2017 / 00:00

Work starts on Health Center to be built in Bosnia and Herzegovina with support of Heydar Aliyev Foundation

Politics

09.03.2017 / 00:00

US Congressman makes Khojaly statement

Politics

09.03.2017 / 00:00

Azerbaijan`s First Vice-President Mehriban Aliyeva chairs meeting on resettlement of refugee and IDP families

Politics

06.03.2017 / 00:00

Novruz Mammadov: Azerbaijani President’s Pakistan visit is of great importance

Politics

06.03.2017 / 00:00

President Ilham Aliyev received UK’s Permanent Under Secretary of State for Foreign Affairs

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