Azerbaijan sets rules for foreign donors giving grants to public legal entities
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Azerbaijan sets rules for foreign donors giving grants to public legal entities

The Cabinet of Ministers has amended the rules for foreign donors obtaining the right to give grants in the territory of the Republic of Azerbaijan, APA reported. According…

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President Ilham Aliyev laid foundation of fish hatcheries in Pirallahi district
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President Ilham Aliyev laid foundation of fish hatcheries in Pirallahi district

President of the Republic of Azerbaijan lham Aliyev has today attended a groundbreaking ceremony of indoor and outdoor farms at the CMS Properties LLC fish hatchery complex to…

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Azerbaijani oil price exceeds 50 USD/barrel
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Azerbaijani oil price exceeds 50 USD/barrel

Price of the Azerbaijani Azeri LT CIF crude, put for sale on world markets went up by 0,89 USD or 1,81%. Report informs, price of oil brand Azeri…

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40% of pipes in Greece and Albania laid in ground
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40% of pipes in Greece and Albania laid in ground

More than 40% of welded pipes in Greece and Albania along the Trans-Adriatic Pipeline (TAP) route, designed to transport Azerbaijani gas to Europe, have been laid in the…

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Vertu company goes bankrupt
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Vertu company goes bankrupt

It has been informed that the famous lux mobile phone brand “Vertu”, purchased by the Turkish businessman Hakan Uzan from a Chinese businessman 4 months ago, will be…

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SOCAR to attend tender for construction of underground gas storage facility in Georgia
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SOCAR to attend tender for construction of underground gas storage facility in Georgia

The Georgian Oil and Gas Corporation (GOGC) has announced a tender for the construction of the first underground gas storage facility on the territory of Samgori South Dome…

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Oil up 1 percent, posts weekly gain of 5 percent
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Oil up 1 percent, posts weekly gain of 5 percent

Oil rose 1 percent on Friday, boosted as U.S. crude producers added only two rigs in the latest week and on signs of increased Chinese demand, but trading…

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S&P: SOCAR plays critical role in Azerbaijan’s economy
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S&P: SOCAR plays critical role in Azerbaijan’s economy

Standard & Poor’s (S&P) Global Ratings has announced it placed SOCAR’s long-term corporate credit rating “BB” on CreditWatch Negative. Placing the SOCAR rating on CreditWatch Negative is associated…

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Price of gasoline Aİ-92 increased in Azerbaijan
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Price of gasoline Aİ-92 increased in Azerbaijan

At the next meeting of the Tariff (Price) Council, the retail price for a liter of gasoline Aİ-92 was reviewed upon the request of the SOCAR and relevant…

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Azerbaijani oil price approaches $ 49 per barrel
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Azerbaijani oil price approaches $ 49 per barrel

Price of the Azerbaijani Azeri LT CIF crude, put for sale on world markets went up by 0,84 USD or 1,75%. Report informs, price of oil brand Azeri…

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