Business

21 January 2010 [15:57]

Georgia to buy Azeri gas for $169 per 1,000 cubic meters

Georgian group of independent experts predicts that natural gas price will go down in the country.
20 January 2010 [18:11]

Azerbaijan to launch major power plant next year

The "Cenub" power station in Shirvan will be commissioned in 2011, said Etibar Pirverdiyev, president of AzerEnerji.
20 January 2010 [12:00]

Azerbaijan state oil company increases own gas export by 26 percent

In Dec. 2009, the State Oil Company of Azerbaijan (SOCAR) increased volumes of gas exports 57.1 percent as compared to 12.1 percent in Nov, the company said.
19 January 2010 [16:42]

Azerbaijan to launch its satellite into orbit in 2012

Azerbaijan Ministry of Communications and Information Technologies has reported the work done in 2009 on launching of own communications satellite.
19 January 2010 [15:36]

Azerbaijan gains right to export black caviar to EU states

The European Commission has included Azerbaijan to the list of countries exporting black caviar to the European Union.
18 January 2010 [18:47]

Indian pharmaceutical officials to visit Azerbaijan early February

Officials of the Indian pharmaceutical companies will visit Azerbaijan early February, Indian ambassador to Azerbaijan Debnath Show said.
18 January 2010 [16:14]

Azerbaijan, Switzerland to discuss prospects for trade and economic cooperation

Bern will be hosting today the 4th meeting of an Azerbaijan-Switzerland intergovernmental commission on trade and economic cooperation.
15 January 2010 [14:45]

PFC Energy: Azerbaijan will be best served with multiple gas export options

Azerbaijan could be a stable and dependable source of gas for Europe if price and transit issues can be solved with Turkey, Julia Nanay, senior director at the Global PFC Energy (Petroleum Finance Company) said.
15 January 2010 [10:46]

Azeri light crude sells for $79.69

14 January 2010 [18:23]

Azerbaijani PM: Energy transit by Southern Corridor needs to be commercially attractive:

Azerbaijani Prime Minister Artur Rasizade urged the participants of the Batumi Energy Conference to make financially attractive energy supply through the Southern Energy Corridor.
14 January 2010 [11:45]

Azerbaijan supplies gas to Russia's pipeline explosion region

Thousands of people in the Russian republic of Dagestan have been left without gas supplies after a bomb attack on a gas pipeline.
13 January 2010 [17:57]

Azerbaijan registers over 20,000 tax legislation breaches in 2009

Last year the Ministry of Taxes kept on taking measures to ensure efficient control over activity of taxpayers.
13 January 2010 [15:33]

Azerbaijan, Iran sign gas contract

SOCAR (State Oil Company of Azerbaijan) and National Iranian Gas Export Company have signed a short-term contract for Azerbaijani gas supplies to Iran.
13 January 2010 [11:06]

SOCAR president meets with head of National Iranian Gas Export Company

Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (SOCAR), hosted a delegation led to Baku by Reza Kasaeizadeh, managing director of the National Iranian Gas Export Company on Jan. 2.
12 January 2010 [13:50]

Gazprom says prepared to raise Azerbaijani gas purchases

Gazprom, Russia's state-run gas giant, pledged on Monday to buy all of the gas exported by Azerbaijan, staking its claim to an expected upsurge in output by the ex-Soviet state amid competition from rivals.
12 January 2010 [10:07]

Azerbaijan launches new auto plant

A new automobile plant NAZ Lifan has been launched in Nakhchivan Autonomous Republic of Azerbaijan.
11 January 2010 [16:19]

Iran increases gas imports from Azerbaijan

The Islamic Republic of Iran will sign a 5-year contract with Azerbaijan to import 5 billion cubic meters of natural gas annually.
11 January 2010 [10:32]

Georgia's energy minister: Kulevi Terminal is owned by SOCAR, it can open here anything it wants

Interview with Georgian Energy Minister Alexander Khetaguri prior to Batumi energy summit to be held on Jan. 14.
09 January 2010 [13:20]

TRACECA announces big projects for 2010

TRACECA (Transport Corridor Europe-Caucasus-Asia), international transport program has unveiled the major projects to be implemented in 2010.
09 January 2010 [11:42]

36.2 million tons of Azerbaijani oil transported via BTC in 2009

The State Oil Company of Azerbaijan Republic (SOCAR) has renewed statistical data on Azerbaijani oil export via the major pipeline Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev.
09 January 2010 [10:27]

1.9 million tons of Kazakh oil transported via BTC pipeline in 2009

Transportation of Kazakh oil via Baku-Tbilisi-Ceyhan (BTC) launched in Oct. 2008 stabilized in Dec. 2009.
08 January 2010 [10:50]

Samuel Lussac: The Future of Nabucco relies on the relations between Azerbaijan and Turkey

PhD candidate at Bordo-based Institute of Political Studies Samuel Lussac expressed his view on the recently activated gas transportation from Azerbaijan to Russia.
07 January 2010 [19:12]

SOCAR ready to launch drilling new exploration wells in Caspian Sea

The State Oil Company of Azerbaijan (SOCAR) has finished full upgrade of Platform #29 on Bulla Daniz field.
06 January 2010 [18:45]

SOCAR exported over 139,000 tons of crude from Novorossiysk seaport

The State Oil Company of Azerbaijan (SOCAR) exported more than 139,442 tons of crude oil from the Novorossiysk port in Dec., 2009, Marketing and Financial Operations Department said.
06 January 2010 [17:21]

Azerbaijani banks' assets hit all time high

The Central Bank of Azerbaijan has announced new record level of domestic commercial banks' assets - $13.905 bn on exchange rate as of 1st December 2009 (AZN 0.8025 to the US dollar).
06 January 2010 [11:33]

Azerbaijan state oil company boosts aircraft fuel exports

The State Oil Company of Azerbaijan (SOCAR) exported 11 612 tonnes of gasoline, 98 333 tonnes of diesel fuel and 6 334 tonnes of aircraft fuel in Dec.
05 January 2010 [16:55]

Turkey unveils price difference it will pay for Azerbaijan's natural gas

Turkey has announced it will pay price difference for natural gas Azerbaijan supplied to Turkey during 2009 at a low price because the parties failed to agree a new price during the year, Zaman reported.
05 January 2010 [16:24]

Azerbaijani initial provider launches WiMAX Internet services

Delta Telecom Company has launched commercial exploitation of WiMAX Internet services, the company said.
05 January 2010 [15:21]

Azerbaijan exports about 250,000 kw per hour of electricity to Russia a day

Azerenergy Public Union exports 200,000-250,000 kilowatt-hours of electricity per day to Russia, Azerenergy Vice-president Marlen Asgarov said at a news conference today.
05 January 2010 [12:05]

Energy security specialist: Nabucco project should be priority for Azerbaijan

Day.az interview with John Roberts, an energy Security specialist from Platts, global provider of energy information.
05 January 2010 [10:00]

Azerbaijan has rich gold deposits

04 January 2010 [16:35]

Economic expert: Azerbaijan may consider possibility of exporting its gas to China

Day.az interview with Vagif Sharifov, economic expert, director of Trend Capital news agency.
04 January 2010 [11:27]

New shipyard 'will boost' shipbuilding industry in Azerbaijan

A state-of-the-art shipyard to be built in Azerbaijan would boost the shipbuilding industry in the country, head of State Maritime Administration Gudrat Gurbanov said.
04 January 2010 [10:16]

Azerbaijan negotiates export of 27 types of defense products

Azerbaijan’s Ministry of Defense Industry is increasing production and is negotiating the export of its products, Defense Industry Minister Yavar Jamalov said.
01 January 2010 [19:43]

Azerbaijan launches gas export to Russia

Azerbaijan has launched natural gas export to Russia from 11.00am on January 1, 2010.
30 December 2009 [15:15]

BSEC energy ministers to meet in Sofia

30 December 2009 [14:42]

Azerbaijan Railways has applied method unique in CIS area

Day.Az interview with Head of Azerbaijan Railways Arif Asgarov.
30 December 2009 [10:44]

Azerbaijan Economists Club launched

30 December 2009 [10:29]

Azerbaijani president decrees to write off populations's natural gas debts

Azerbaijani President Ilham Aliyev has signed a decree to write off population's debts for natural gas accrued as at October 1, 2009.
28 December 2009 [14:10]

Bridges without precedent in CIS launched in Azerbaijan

The Azerbaijani Transport Ministry has put two large bridges into operation in the Azerbaijani North-West regions.
26 December 2009 [14:00]

SOCAR president: Azerbaijan to increase gas supply to Russia twice

SOCAR (State Oil Fund of Azerbaijan) will increase gas supplies to Russia twice - up to 1 bilion cubic meters per year in 2010, SOCAR President Rovnag Abdullayev said on Dec. 26.
26 December 2009 [11:32]

New Moscow-Lankaran flight launched

26 December 2009 [11:15]

Azerbaijani president inaugurates newly-rebuilt aeration station - PHOTOS

President of Azerbaijan Ilham Aliyev inaugurated a newly-rebuilt Hovsan aeration station on Dec. 25.
25 December 2009 [14:27]

Japanese gov't funds eight social projects in Azerbaijan

The Government of Japan has allocated 8 more grants, amounting to a total of $763,982, to Azerbaijan to help the country improve its healthcare, educational, environmental and social sectors.
25 December 2009 [10:20]

Azerbaijan exempts grain imports from VAT and customs duties

The Government of Azerbaijan has passed a decision to free from VAT and customs duties the grain products imported for the State Grain Stock.
24 December 2009 [16:00]

Azerbaijan national oil company acquires 30 gas stations in Ukraine

The State Oil Company of the Azerbaijan Republic (SOCAR) bought 30 gas stations in Ukraine, Ukrainian Ambassador to Azerbaijan Boris Klimchuk said today at a press conference in Baku.
23 December 2009 [14:15]

Azerbaijani president decrees to apply law on living-wage for 2010

Azerbaijani President Ilham Aliyev has decreed to apply a Law on Living Wage for 2010.
23 December 2009 [09:56]

Azerbaijani president inaugurates Sumgayit Techno Park - PHOTOS

On Dec. 22, President of Azerbaijan Ilham Aliyev launched a number of facilities built within the first phase of plans to create a techno park in Sumgayit.
22 December 2009 [13:42]

Azerbaijan's 2010 public budget approved

Azerbaijan's 2010 state budget was approved with a deficit limit of 1.249 billion manat.
22 December 2009 [11:37]

Baku hosts int'l conference on global financial crisis

An international conference on Global Financial Crisis: Azerbaijan`s Model of Economic Security and World Practice started in Azerbaijan State Economic University (ASEU) on Dec. 21.
21 December 2009 [09:51]

Azerbaijan, UAE to discuss economic, trade and technical cooperation

Abu Dhabi will host Monday the 2nd meeting of an Azerbaijan-UAE intergovernmental commission on economic, trade and technical cooperation.
19 December 2009 [10:23]

Iranian ambassador: Iran, Azerbaijan need new gas pipeline

Iran transfers most of part of Azerbaijani natural gas it receives to Nakhchivan Autonomous Republic, and uses the rest for its domestic needs, said Iranian Ambassador to Azerbaijan Mohammad Baghir Bahrami.
19 December 2009 [09:44]

Azerbaijan, WB sign loan agreement worth $450 million

Today, the World Bank (WB) and the Azerbaijani government signed loan agreements worth $450 million on the project promoting rail transit and trade in Azerbaijan.