SOCAR exported 219,000 tons of oil products to Georgia in 2017
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SOCAR exported 219,000 tons of oil products to Georgia in 2017

Last year, 219,336 tons of oil products were exported from Azerbaijan to Georgian market. Report was informed in the SOCAR Energy Georgia, a subsidiary of SOCAR (State Oil Company of…

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Project on beekeeping development in Azerbaijan submitted to government
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Project on beekeeping development in Azerbaijan submitted to government

“According to instruction of the President of Azerbaijan, the Ministry of Agriculture has submitted documents to the Cabinet of Ministers for granting 10 AZN subsidy for each beehive”. Agriculture Minister Heydar…

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Minister: Azerbaijan imported $ 16.9 mln citrus fruits last year
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Minister: Azerbaijan imported $ 16.9 mln citrus fruits last year

“Azerbaijan has imported $ 16.9 million citrus fruits in 2017.” Report informs, Agriculture Minister Heydar Asadov said at the board meeting of the Ministry of Agriculture. According to him, citrus fruits…

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Marketable gas reserves in Azerbaijan up 5% in 2017
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Marketable gas reserves in Azerbaijan up 5% in 2017

Last year, marketable gas reserves in Azerbaijan totaled 22 bln cubic meters. Report informs referring to the State Statistical Committee (SSC), during year 82.6% of the reserves accounted for…

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SOCAR investment in Georgia last year unveiled
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SOCAR investment in Georgia last year unveiled

The volume of investment made by SOCAR (State Oil Company of Azerbaijan Republic) in Georgia last year amounted to $ 52.1 million. Report was informed in the SOCAR Energy Georgia,…

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Bank of Russia: World oil demand may reduce by mid-2020s
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Bank of Russia: World oil demand may reduce by mid-2020s

Electric cars can lead to a decrease in oil consumption by the mid-2020s. Report informs citing the TASS, Bank of Russia’s department of research and forecasting stated in the…

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Last month Azerbaijani population spent 161 mln AZN for motor fuel
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Last month Azerbaijani population spent 161 mln AZN for motor fuel

In January, the volume of retail trade turnover in Azerbaijan amounted to 2 794.6 mln. AZN. Report informs referring to the State Statistical Committee, this is 2.4% more…

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Baku tomorrow host 4th Southern Gas Corridor Advisory Council’s ministerial meeting
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Baku tomorrow host 4th Southern Gas Corridor Advisory Council’s ministerial meeting

The fourth Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council will take place in Baku on February 15. Report was informed in the Ministry of Energy. According…

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UNDP: Azerbaijan can earn $ 99 bln from natural gas exports in next 60 years
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UNDP: Azerbaijan can earn $ 99 bln from natural gas exports in next 60 years

A forum on the UN development goals will be held on March 1-2 in Geneva, Switzerland. Report informs, Deputy Director of the United Nations Development Program (UNDP) for Europe…

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Baku hosts conference on “Role of entrepreneurship in development of regions”
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Baku hosts conference on “Role of entrepreneurship in development of regions”

Total of $ 231 billion has been invested in Azerbaijani economy since 2004. Report informs, President of Azerbaijani Entrepreneurs Confederation (AEC) Mammad Musayev said. He noted that according…

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