Turkey in talks over price of imported gas
“Turkey has had an excellent preparation process. We have prepared the LNG terminal and infrastructure. We have done very important work in terms of storage. There are very skilled authorities…
Section: Business
Azerbaijani oil drops to $67
The price of Azerbaijan’s Azeri LT CIF crude oil traded in the financial markets has dropped by $1.85 or 2.66% settling at $67.58 per barrel, Report informs. Notably, the record…
US Treasury Department sanctions Venezuela’s Bandes
The US Treasury Department imposed sanctions against Venezuela’s national development bank and four financial institutions it controls, alleging it helped prop up the government of the country’s president, Nicolas Maduro….
SOFAZ announces expected total value of investment portfolio as of end-2019
The total value of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) as of end-2019 is projected at $ 41.5 billion, the Fund told reporters. “If the…
Mesut Ilter: STAR Rafineri will reduce Turkey’s import dependence
“As Turkey imports great volumes of fuel, it is quickly affected by the external price fluctuations,” STAR Rafineri’s general director Mesut Ilter said speaking at the Uludag Economy Summit. While…
Azerbaijan increases beverage export 2.5-fold
In January-February of this year Azerbaijan exported soft and alcohol drinks worth $4,096,560. The State Customs Committee told Report that this is an increase of $2,483,750 or 2.5-fold. This indicator…
Azerbaijan exports less cement to Georgia
In January-February of this year, Azerbaijan exported 35,212.3 tons of cement worth $2,003,000 to Georgia, the report of the National Statistics Office says. This makes a drop of 3,178 tons…
Azerbaijan reveals cost of paid services rendered to population
The cost of paid services rendered to the population of Azerbaijan in January-February 2019 increased in real terms by 0.7 percent (compared to the same period last year), amounting to…
Azerbaijan sees 3.5% rise in catering turnover
Catering turnover in Azerbaijan in January-February 2019 rose by 3.5% to AZN 202,300,000, Report informs citing the State Statistical Committee (SSC). According to SCC, 41.2% of the catering turnover was…
SOCAR announces amount of investments in Romanian economy
SOCAR Petroleum SA, daughter company of SOCAR in Romania, has invested EUR 68 million in Romania’s economy so far, Report informs citing SOCAR. The company executed investments programs in 2011-2014,…