Economy
SOCAR’s “Neftqaztikinti” trust wins tender for construction of gas pipeline in Georgia
19.05.2012 [13:00]
The Neftqaztikinti trust of the State Oil Company of Azerbaijan has won a tender for construction of a gas pipeline in Georgia. According to SOCAR, the tender declared by the Georgian Oil and Gas Corporation
 
Azeri Light crude sells for $112.35
19.05.2012 [10:59]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $112.35. On the New York Merchantile Exchange NYMEX cost of the US Light crude oil decreased $1.08 to stand at $91.48. A barrel of British Brent crude oil decreased $0.35 to trade at $ 107.14 at the London ICE.
 
TRADES AT BICEX
18.05.2012 [20:39]
The weighted average exchange prices made up 0,7851 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on May 18. The average-weighted dollar exchange rate was 0, 7851 AZN at the morning session
 
Turkey, AzerbaijanI negotiations on Transanatolian Gas Pipeline to be concluded by July, Taner Yildiz
18.05.2012 [18:51]
Turkey will ink an agreement with Azerbaijan to set up Trans-Anatolian pipeline to transport gas from the Caspian state`s giant Shahdeniz field by the end of June, Turkey`s Energy Minister Taner Yildiz told The Financial Times
 
SOCAR and PetroVietnam Company signs contract on onshore block of fields
18.05.2012 [18:17]
Baku State Oil Company of Azerbaijan (SOCAR) has signed agreement on commercial principles and PSA terms with " Vietnam Oil and Gas Group" (PetroVietnam) for restoration, exploration and development of on-shore field block Muradkhanli, Jafarli and Zardab, today. First Deputy President of SOCAR, academician Khoshbakht Yusifzadeh and...
 
Baku hosts Azerbaijan-Poland business meeting
18.05.2012 [12:55]
National Confederation of Entrepreneurs (Employers') Organizations of Azerbaijan Republic (ASK) hosted a meeting of Azerbaijani and Polish businessmen. During the meeting, ASK Secretary General Mahammadali Afandiyev updated the guests on socio-economic achievements of Azerbaijan, the investment
 
Azeri Light crude sells for $112.35
18.05.2012 [12:52]
Oil prices have again changed in the world markets, with a barrel of Azeri Light crude trading for $112.35. On the New York Merchantile Exchange NYMEX
 
FAO completes project “Capacity building in rural development for internally displaced persons and refugees in new settlements of Agdam district in Azerbaijan”
18.05.2012 [11:38]
The Azerbaijani officials led by Chairman of the State Committee on Refugees and IDPs Ali Hasanov, MPs, staff of FAO and embassies of Brazil and Switzerland in Azerbaijan visited Agdam region. The aim of the visit is to participate in the trade exhibition dedicated to completion of the project “Capacity Building in Rural Development for
 
Oil prices fall in world markets
17.05.2012 [15:23]
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $1,17 to stand at $92,81. Price of British Brent crude oil at the London
 
Use of illegal software decreased in Azerbaijan
17.05.2012 [12:37]
The software piracy level in Azerbaijan in 2011 was 87 percent or one point less than in 2010. "The stabile improvement of the situation has been recently observed in
 
Baku hosts Azerbaijan-Serbia business forum
17.05.2012 [12:20]
Azerbaijan-Serbia business forum organized by Azerbaijan`s Investments and Export Promotion Foundation (AzPROMO) held in Baku. The event brought together businessmen engaged in the fields of agriculture, construction, machine-building, metal-working, telecommunications, furniture, tourism and consulting.
 
ADB, State Committee for Securities discuss cooperation issues
17.05.2012 [11:52]
Chairman of the Azerbaijan State Committee for Securities Rufat Aslanli has received in Baku Asian Development Bank’s (ADB) chief specialist for financial sector Jurgen Conrad. The SCS informs that the sides discussed issues of improving Committee’s capacity and development of domestic securities market within
 
TRADES AT BICEX
16.05.2012 [20:16]
The weighted average exchange prices made up 0, 7848 AZN for 1 US dollar in the Baku Interbank Currency Exchange (BICEX) on May 16. The average-weighted dollar exchange rate was 0, 7848 AZN at the morning session on US currency in the BEST (Bourse E-system of trades). Deals worth 459 751, 50 AZN were registered on instrument USD/AZN T+0 at the...
 
Investment of Turkish companies increasing in Azerbaijan
16.05.2012 [19:50]
“The capacity of mutual investments between two brotherly countries, Azerbaijan and Turkey has been increasing year after year” said the trade advisor of the Turkish embassy to Azerbaijan Huseyn Yavuz Necip in the meeting that brought together the trade advisors of the neighboring countries’ embassies. “It is pleasant that the capacity of the...
 
Oil prices fall in world markets
16.05.2012 [18:49]
On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil has fallen $0,80 to stand at $93,98. Price of British Brent crude oil at the London ICE (InterContinental Exchange Futures) has
 
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