Economy
Azerbaijani energy minister: Caspian region`s hydrocarbon reserves to double by 2035
24.04.2014 [13:24]
“Hydrocarbon reserves of the Caspian region will double by 2035 taking into account the new potential deposits, according to the forecasts,” Azerbaijani energy minister Natig Aliyev has said
 
International conference on development of women entrepreneurship starts in Baku
24.04.2014 [13:19]
An international conference on development of women entrepreneurship has kicked off in Baku. The conference is organized by the Azerbaijan State Committee for Family, Women and Children`s Problems under the United Nations Special Programme for the Economies of Central Asia
 
IBA, Berkeley Group launch new project
24.04.2014 [13:09]
The International Bank of Azerbaijan and the Berkeley Group Holdings have embarked on a new project that would allow VIP customers of the bank buy property in London. Alexandra Stack, Sales Manager at Berkeley International, said the IBA customers could purchase flats in London through both in-cash payments and mortgage loans
 
Oil prices down in world markets
24.04.2014 [12:25]
The price of oil has fallen in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.31 to stand at $101.44. Price of British Brent crude at the London ICE (InterContinental Exchange Futures) has
 
Azerbaijani, Spanish businessmen come together in Baku
24.04.2014 [12:17]
An Azerbaijani-Spanish business forum has started in Baku. Organized by the Azerbaijani export and investment promotion foundation, AZPROMO, the event brings together businessmen from a wide range of fields of economy. Speaking to the forum, economy and industry minister Shahin Mustafayev said Azerbaijan placed particular emphasis on the...
 
Japanese company to assist Azerbaijan in establishing steel production complex
24.04.2014 [12:00]
A Japanese company will provide consulting services to Azerbaijan to assist the country in establishing a steel production complex as the sides signed a relevant agreement. The deal was inked by Azerbaijan`s Ministry of Economy and Industry and Marubeni Corporation
 
Oil prices fall in world markets
23.04.2014 [22:50]
Oil prices have fallen in the world markets, with the US Light crude sinking to $101.75 a barrel and British Brent crude hitting $109.27. A barrel of Azeri Light crude oil decreased $0.32 to stand at $111.85, the Department of
 
Azerbaijan climbs 7 spots in WEF Global Information Technology Report, outclasses CIS countries
23.04.2014 [20:55]
The World Economic Forum has released the Global Information Technology Report 2014, in which Azerbaijan outclassed countries of the Commonwealth of Independent States
 
The Contract of the Century ‘introduced’ Azerbaijan to the world as a reliable partner
23.04.2014 [20:25]
“The Contract of the Century has introduced Azerbaijan to the world as a reliable partner,” said vice president of the country`s state oil firm, SOCAR, Khoshbakht Yusifzade. “Signed as a result of national leader Heydar Aliyev`s oil strategy in 1994, the Contract of
 
Infosys Europe revenue crosses $2 billion for first time
23.04.2014 [19:48]
Country's second largest IT firm Infosys has crossed the $ two billion revenue mark in Europe for the first time, driven by strong demand for consulting and system integration (CSI) services. The Bangalore-based firm, which reported revenues of $ 8.24 billion for the year ended
 
BTC loads 2500th tanker at Ceyhan
23.04.2014 [17:50]
The Baku-Tbilisi-Ceyhan Company (BTC Co.), operated by BP, is pleased to advise that the 2500th tanker loaded with BTC oil sailed away yesterday from the Ceyhan terminal in Turkey. The tanker called the Vinga arrived at the Ceyhan Marine Terminal on 15 April and
 
Baku to host meeting of CIS Electric Power Council
23.04.2014 [13:42]
The 45th meeting of the CIS Electric Power Council will be held in Baku on Friday. The event will bring together delegates from Azerbaijan, Russia, Belarus, Kazakhstan
 
U.S. ‘ready’ to cooperate with Azerbaijan in alternative energy production
23.04.2014 [10:51]
U.S. ambassador in Baku Richard Morningstar has expressed his country`s readiness to cooperate with Azerbaijan in producing alternative energy. The ambassador said the Absheron peninsula had favorable conditions for developing wind
 
Energy Minister: Azerbaijan`s gas production makes 30bn cm
23.04.2014 [10:46]
Azerbaijani energy minister Natig Aliyev has said the country`s gas production reached 30 billion cubic meters. “This will help us both meet our domestic demand and supply our gas to foreign
 
1st International Caspian Energy Forum–2014 starts in Baku
23.04.2014 [10:40]
The 1st International Caspian Energy Forum–2014 has kicked off in Baku. Organized by the Caspian Energy International Media Group, the forum brings together 300 delegates from 50 countries. The forum is supported by Azerbaijan`s Cabinet of Ministers, Parliament, Ministry of Energy, State Oil Company, State Committee
 
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