Business

20 July 2010 [11:15]

SOCAR introduces new vice president for strategic development in solemn ceremony

The State Oil Company of Azerbaijan Republic (SOCAR) introduced new vice-president and other officials in a solemn ceremony on July 19, the company said.
19 July 2010 [18:07]

SOCAR to open office in Batumi

19 July 2010 [10:45]

BP to remain partners with Azerbaijan in "Shah Deniz" project

BP will remain a partner in Azerbaijan's largest natural-gas field at Shah Deniz, Azerbaijan's Minister of Industry and Energy Natig Aliyev told Bloomberg in an interview in Batumi, Georgia, on Sunday.
19 July 2010 [09:58]

Energy Minister: Azerbaijan's natural gas reserves will be sufficient at least for hundred years

Azerbaijan energy minister says Azerbaijan's natural gas reserves will be sufficient at least for hundred years.
19 July 2010 [09:25]

Turkey, Azerbaijan sign protocol of intent on construction of Turkey-Azerbaijan NAR gas pipeline

The State Oil Company of Azerbaijan (SOCAR) and Turkey's Botas company signed a protocol of intent on construction of the gas pipeline from Turkey to Azerbaijan's Nakhchivan Autonomous Republic (NAR).
17 July 2010 [12:06]

European trader to supply Azerbaijani gas to Italian electric power stations

European trader EGL intends to increase its gas portfolio through the Azerbaijani gas.
17 July 2010 [11:53]

Uzbekistan's first Airbus A320 to make its first commercial flight to Baku

New A320 aircraft of Uzbekistan Havo Yollari (Uzbekistan Airways) will make its first commercial flight from Tashkent to Baku on July 19, the company said.
17 July 2010 [10:23]

Azerbaijan, EU to continue trade talks

The trade deal as part of the Azerbaijan-EU association agreement can be signed after the country joins the World Trade Organization, Deputy Foreign Minister of Azerbaijan Mahmud Mammadguliyev said.
17 July 2010 [09:30]

Azerbaijan, EU likely to facilitate visa regime

If Azerbaijan-EU talks on association agreement are successful, visa regime will be relaxed.
16 July 2010 [10:07]

SOCAR president meets Deutsche Bank official

President of Azerbaijan's state oil firm, SOCAR, Rovnag Abdullayev met with a delegation led by Yurjen Fitschen, member of Board and Observation Council of German Deutsche Bank on July 15.
16 July 2010 [09:35]

OFID funds construction of thermal power plant in Azerbaijan

The Vienna-based Fund for International Development (OFID) of Organization of the Petroleum Exporting Countries (OPEC) has allocated 20 million euros for the construction of Janub thermal power plant in Shirvan region of Azerbaijan.
15 July 2010 [16:35]

Average monthly salary rises 5% in Azerbaijan year-on-year

The average monthly salary of workers in the economy of Azerbaijan rose by 5% to AZN 315.2 compared with a year ago, State Statistical Committee said.
15 July 2010 [11:35]

American CNN-International airs report on economic boom in Azerbaijan

The influential US-based CNN-International on 12 July aired a report dedicated to Azerbaijan.
14 July 2010 [15:55]

Azerbaijani businessmen to attend India-Turkey-CIS forum

Azerbaijan will join the first India-Turkey-CIS business forum due to take place in Istanbul next month.
14 July 2010 [14:16]

Deflation totaled 0.6 percent in Azerbaijan in June

Prices for consumer goods and services in Azerbaijan declined by 0.6 percent in June 2010 compared to May, the State Statistics Committee said.
14 July 2010 [14:09]

Azerbaijan State Committee for Securities, Turkish Capital Markets Board ink protocol on cooperation

Azerbaijan State Committee for Securities and the Capital Markets Board of Turkey (CMB) have signed a protocol on cooperation.
14 July 2010 [12:45]

MEC Tekfen Azfen wins Caspian construction contract

BP Azerbaijan has awarded the AMEC Tekfen Azfen (ATA) consortium a five-year Master Services Agreement.
13 July 2010 [17:15]

Baku to host 11th German-Azerbaijani business forum

An official delegation of the German Federal Ministry of Economics and Technologies will visit Azerbaijan on July 18-23, German-Azerbaijan Economic Association (DAWF) said.
13 July 2010 [16:07]

Over 3 mln tons of Azerbaijani oil exported to world markets

About 3,280,000 tons of Azerbaijani oil was exported to the world markets via Ceyhan port, State Oil Company of Azerbaijan (SOCAR) said.
13 July 2010 [14:40]

Azerbaijani energy operator applies international standard

"Azerenergy" JSC (production and distribution of electricity in Azerbaijan) applies the international quality management standard ISO 9001:2008, the report said.
13 July 2010 [09:45]

"Nokia" to open Baku representation

The Nokia Company plans to open its representation in Azerbaijan.
10 July 2010 [10:35]

Azerbaijani PM appointed Chairman of SOFAZ Supervisory Board

The Supervisory Board of State Oil Fund of Azerbaijan (SOFAZ) held its next meeting on July 9.
10 July 2010 [09:35]

New SOCAR vice president appointed

09 July 2010 [17:55]

SOFAZ's supervisory council approves amended budget for 2010

The Supervisory Council of the State Oil Fund of Azerbaijan decided to submit the fund's amended budget for 2010 for presidential approval, the message said.
08 July 2010 [15:07]

SOCAR Ecology Department announces sale of wastes suitable for recycling

The State Oil Company of the Azerbaijan Republic's (SOCAR) Ecology Management has announced about sale of industrial waste suitable for recycling.
08 July 2010 [13:19]

"Hayward's visit to Baku shows that BP is not going to sell its assets in Azerbaijan"

Day.Az interview with Azerbaijani economic expert, Director of the Trend Capital news agency Vagif Sharifov.
08 July 2010 [12:35]

SOCAR chief meets Egyptian oil minister

President of the Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev met the visiting delegation of Egypt led by this country`s oil minister Sameh Fahmy.
08 July 2010 [10:30]

Azerbaijan Airlines chief speaks about security, new Boeing planes, financial crisis

Trend interview with Azerbaijan Airlines (AZAL) Chief Jahangir Asgarov.
06 July 2010 [17:07]

BP to continue developing energy projects in Azerbaijan?

BP company intends to develop energy projects in Azerbaijan, in which it participates SOCAR head Rovnag Abdullayev said, commenting on rumors of possible sale of BP's assets in Azerbaijan.
06 July 2010 [16:50]

Azerbaijani President received BP executive director

Today Azerbaijani President Ilham Aliyev received BP executive director Tony Hayward, AzerTAc state news agency reported.
06 July 2010 [13:55]

BP president arrived in Azerbaijan

BP President Tony Hayward has arrived in Azerbaijan with a working visit July 6, BP Azerbaijan reported.
05 July 2010 [16:48]

EU information sessions organized in Baku and Ganja

European Commission information sessions to facilitate Azerbaijani exporters' access to European markets are organized in Baku and Ganja.
05 July 2010 [12:53]

Date of Egypt’s Oil Minister visit to Azerbaijan revealed

On July 7, Egypt’s Oil Minister Sameh Fahmi will pay visit to Azerbaijan.
04 July 2010 [10:31]

Iran to join Nabucco afterall?

03 July 2010 [12:20]

IFAD President: We expect to increase financing to Azerbaijan

Trend interviewed President of the International Fund for Agricultural Development (IFAD) Kanayo F. Nwanze, who participated in the 35th annual meeting of the Governing Council of the Islamic Development Bank (IDB) in Baku.
03 July 2010 [11:43]

New energy boom in Azerbaijan

The commencement of the second phase of the Shah Deniz Field in the Azerbaijani section of the Caspian Sea, which is scheduled for 2016-2017, is boosting the interests of foreign investors, consumer countries, and service companies in Azerbaijan and its oil and gas sector.
03 July 2010 [11:23]

SOCAR wins SAP CIS quality award

The State Oil Company of Azerbaijan has become a SAP CIS Quality Award 2010 Gold winner for its achievement in the successful software implementations.