President Ilham Aliyev Highlights Severe Climate Impact on French and Dutch Overseas Territories.

Paris: President Ilham Aliyev has drawn attention to the significant impact of climate change on the overseas territories of France and the Netherlands, particularly those located in the Caribbean and Pacific regions. Speaking at the Leaders’ Summit of the Small Islands Developing States on Climate Change, which took place on November 13 as part of … Read more

IFC Managing Director Highlights Azerbaijan’s High-Level Organization of COP29.

BAKU: Azerbaijan’s leadership is organizing COP29 at a high level, as confirmed by Makhtar Diop, Managing Director of the International Finance Corporation (IFC), during an interview with APA. Diop commended the country’s meticulous preparation for the international climate conference, noting it sets a precedent for effective global cooperation on climate issues. According to Azeri-Press News … Read more

Azerbaijan and Togo Presidents Discuss Bilateral Cooperation.

BAKU: Ilham Aliyev, President of the Republic of Azerbaijan, met with Faure Essozimna GnassingbĂ©, President of the Togolese Republic, on November 13, APA reports. The meeting was held on the sidelines of the COP29 event, where both leaders exchanged views on enhancing bilateral relations. According to Azeri-Press News Agency, President Aliyev expressed his gratitude to … Read more

OPEC Reveals Decline in Azerbaijan’s Daily Oil Production in October.

Baku: In October of this year, Azerbaijan’s daily oil production averaged 482,000 barrels, which is 7,000 barrels lower compared to the previous month, September, this was stated in the monthly report of the Organization of the Petroleum Exporting Countries (OPEC), APA-Economics reports. According to Azeri-Press News Agency, the figure for July of this year was … Read more

Cambridge University Director Warns of Potential Failure to Achieve Net-Zero Emissions by 2050.

CAMBRIDGE: The aviation sector may fall short of reaching net-zero emissions by 2050, a target considered crucial in the fight against climate change, according to Professor Rob Miller, Director of the Aviation Impact Accelerator at the University of Cambridge. Speaking at an event on “Aviation Impact Accelerators and Leap Energy” at COP29, Miller emphasized the … Read more

Price of Azerbaijani Oil Exceeds $74.

Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has increased in world markets, APA-Economics reports. The price per barrel rose by 0.44 USD or 0.6%, reaching 74.16 USD. According to Azeri-Press News Agency, the Azerbaijani oil was previously traded at 73.72 USD per barrel the day before.

President Aliyev and EBRD President Sign Key Memorandum on Water Infrastructure Development.

Baku: President of the Republic of Azerbaijan Ilham Aliyev met with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), during which a significant Memorandum of Understanding was signed. This agreement involves the Ministry of Economy of Azerbaijan, the Azerbaijan State Water Resources Agency, and the EBRD, focusing on the reconstruction of … Read more

President Ilham Aliyev Calls on Former Colonial Powers to Assist Small Island Developing States.

Baku: President Ilham Aliyev has urged former colonial powers to extend financial and technical support to Small Island Developing States (SIDS) during his address at the Leaders’ Summit of the Small Islands Developing States on Climate Change. The summit was held on November 13 as part of COP29, where Azerbaijan serves as the host country. … Read more