Economy

Azerbaijan sees 47% growth in oil processing in third quarter

State Oil Company of Azerbaijan (SOCAR) processed 1.8 million tons of oil in July-September 2021, up 46.5% from the previous year. Report informs, citing the company,...

Zangezur Corridor to provide shortest land route from Asia to Europe – Deputy Minister

BAKU, Azerbaijan, Oct. 14 Trend: Zangezur Corridor will provide the shortest land route from Asia to Europe, Deputy Minister of Digital Development and Transport of Azerbaijan...

Azerbaijan increased oil and gas export in third quarter

In the third quarter of this year, SOCAR exported 4,5 mln. tones of oil, which is 22% more in comparison to the relevant period...

Azerbaijan discloses prices on its oil

BAKU, Azerbaijan, Oct.13 By Sadraddin Aghjayev - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 74 cents...

Iran has been destabilizing actor in many ways – US State Dept on Iran’s...

BAKU, Azerbaijan, October 13 By Nargiz Sadikhova - Trend: Iran has been a destabilizing actor in many ways, US Department of State Spokesperson Ned Price said...

Azerbaijan’s non-oil export increased by more than 75% in September

Azerbaijan's export has made up 1,7 bln dollars in September of this year, the Center for Economic Reforms Analysis and Communication told APA-Economics. Exports in the...

Azerbaijan launches new mechanism to support businessmen

BAKU, Azerbaijan, Oct.5 Trend: The Azerbaijan Small and Medium Business Development Agency (SME) has launched another support mechanism - a video training platform, Trend reports citing the agency. The...

Azerbaijani Cabinet of Ministers approves state and consolidated draft budgets for 2022

BAKU, Azerbaijan, Sept. 24 Trend: Azerbaijani Cabinet of Ministers has approved the state and consolidated draft budgets of Azerbaijan for 2022, Trend reports on Sept. 24. The relevant decision...

Gas prices increase on world market

The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has decreased, APA-Economics reports. With delivery in October futures quotes for...

Gas prices to moderate once seasonal demand reduces – Fitch

By Leman Zeynalova – Trend: Gas prices could remain high until the end of the winter heating season, given low levels of natural gas in...