SOFAZ transfers nearly $100B to budget so far
The State Oil Fund of Azerbaijan (SOFAZ) received $154.6 billion from its establishment until June 30, SOFAZ Deputy Executive Director Israfil Mammadov said at a round table on ‘Contract of…
Section: Business
287 million tonnes of profitable oil sold from ACG
Azeri-Chirag-Guneshli (ACG) block of fields has produced 492 million tonnes of oil since it was launched in 1997, SOCAR First Vice President Khoshbakht Yusifzade said at a round table dedicated…
Azerbaijani-Tajik agribusiness forum kicks off in Baku
The Azerbaijani-Tajik forum on agribusiness kicked off in the Baku Business Center on Sept. 18, according to Azerbaijan’s Agriculture Ministry. The forum is attended by representatives of government agencies responsible…
Southern Gas Corridor to bring needed diversification of supply to Europe: Int’l Gas Union
Southern Gas Corridor project, which envisages transportation of Azerbaijani gas to Europe, will bring needed diversification of supply to Europe, the International Gas Union (IGU) said. The Southern Gas Corridor…
Azerbaijan’s Central Bank to auction short-term notes
An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 170 million manats will be held at Baku Stock Exchange (BSE) on Sept. 18 from 11:00 till…
SOCAR completes first stage on technical consultation within IAP
SOCAR has completed the first stage on technical consultation to the member countries of Ionian Adriatic Pipeline (IAP), which is intended to transport Azerbaijani gas to Eastern Europe and is…
Azerbaijani travel companies to take part in exhibition in Karachi city
Azerbaijani travel companies will participate in the Pakistan Travel Mart exhibition to be held in Karachi city Oct. 8–10, Trend reports referring to the State Tourism Agency Sept. 17. At…
SOCAR might participate in gasification of Albania – EXCLUSIVE
SOCAR is waiting for completion of the tender for works to be carried on gasification of Albania and selection of chief executive body, SOCAR Balkans CEO Murad Heydarov told Report….
Petkim petrochemical complex completes 1H2019 with record figures
The Petkim petrochemical complex in Turkey earned 5.9 billion Turkish liras in the first half of 2019 referring to Azerbaijan’s state oil company SOCAR. Petkim completed the first half of…
Azerbaijani energy makes up 91% of Georgia’s total energy import
Georgia imported 835.19 million kWh of electricity in January-August 2019, up 20.5% from the previous year, Report’s Georgian bureau informs. Of this, 760.538 million kWh or 91.06% fell to share…