Petkim to make additional $ 100 mln from STAR refinery
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Petkim to make additional $ 100 mln from STAR refinery

The launching of the STAR refinery in Aliaga (Izmir, Turkey) will bring an additional profit of $ 100 million per year to Petkim Holding petrochemical complex, mainly owned…

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AzTA Chairman: We may open direct flights from India to Azerbaijan
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AzTA Chairman: We may open direct flights from India to Azerbaijan

A representative office of the Azerbaijan Tourism Association (AzTA) has opened in India. At present, negotiations are underway to open a direct flight between the two countries. AZTA Chairman Nahid…

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UAE’s Etihad Airways can launch flights to Gabala and Nakhchivan
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UAE’s Etihad Airways can launch flights to Gabala and Nakhchivan

Opening of the flight between Baku and Abu Dhabi, the capital of the United Arab Emirates (UAE), will contribute to the flow of tourists to Azerbaijan. Report informs,…

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Carbamide plant launches first production in August
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Carbamide plant launches first production in August

Construction work at the SOCARCarbamide plant nears completion and testing-adjusting work will start in a month. Report informs referring to the State Oil Company of Azerbaijan Republic (SOCAR). It was noted that…

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SOCAR Turkey signs licensing agreement with BP
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SOCAR Turkey signs licensing agreement with BP

BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. Report informs citing the BP. Notably, SOCAR…

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Transactions with SOCAR bonds made $ 1.65 mln last week
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Transactions with SOCAR bonds made $ 1.65 mln last week

On February 19-23, Azerbaijani securities market has carried out transactions with SOCAR bonds worth $ 1.65 mln. Report was informed in the PSG Kapital, a market-maker of SOCAR bonds, last…

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SOCAR filling stations in Ukraine display video on Khojaly genocide
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SOCAR filling stations in Ukraine display video on Khojaly genocide

Starting from February 23, petrol filling stations of the State Oil Company of Azerbaijan Republic (SOCAR) in Ukraine are displaying a video prepared on the occassion of 26th anniversary of Khojaly…

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IEA: US can overtake Russia in oil production this year
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IEA: US can overtake Russia in oil production this year

The United States will outrun Russia in terms of oil production no later than in 2019. Report informs, the head of International Energy Agency IEA Fatih Birol told Reuters: “It…

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President Ilham Aliyev launches newly-renovated Mingachevir Hydroelectric Power Station
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President Ilham Aliyev launches newly-renovated Mingachevir Hydroelectric Power Station

President of the Republic of Azerbaijan Ilham Aliyev has attended a ceremony to launch the 424MW Mingachevir Hydroelectric Power Station after major overhaul. Report informs, President of Azerenerji Open Joint Stock Company Etibar…

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Prime minister: Construction of IAP will improve economic cooperation in Western Balkans
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Prime minister: Construction of IAP will improve economic cooperation in Western Balkans

Construction of the Ionian Adriatic Pipeline (IAP) and the overhaul of the railway infrastructure will improve the economic cooperation in the Western Balkans. Report informs, Montenegro prime minister…

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