SOCAR aims to acquire majority stake in Azer Turk Bank

BAKU: The State Oil Company of Azerbaijan (SOCAR) intends to acquire 51 percent of Azer Turk Bank OJSC shares, Trend reports via SOCAR.

The issue was discussed on July 16 at a meeting of the Supervisory Board of SOCAR.

According to the information o…

Azerbaijan Olympic team uniform unveiled (PHOTO)

BAKU: A presentation of the Azerbaijani Olympic team uniform took place at the National Gymnastics Arena, Trend reports via Idman.biz.

The uniform was made by the Belgian company Concordia. The team will wear it at the Summer Games in Paris.

Both se…

Price of Azerbaijani oil drops

The price of Azerbaijan’s Azeri LT CIF oil in the world market decreased by $0,84, or 0,94%, APA reports.

Azeri LT CIF were traded at $88.59 per barrel.

Source: Azeri-Press news agency

SOFAZ’s assets exceeded USD 58 billion

As of June 30, 2024, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) increased by 3.4% compared to the beginning of 2024 (USD 56,069.7 million) and amounted to USD 58 billion 6 million, the fund told APA-Economics.

According t…