BAKU: Azerbaijan has allocated over AZN 3.6 billion for construction and installation works in its liberated districts from January to September 2024. These expenditures represent a significant investment in rebuilding efforts across the regions that were reclaimed. According to Azeri-Press News Agency, calculations based on the State Statistics Committee’s report indicate that AZN 3 billion … Read more
Muscat: A delegation led by Israfil Mammadov, Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), is participating in the 16th Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) held in Muscat, the capital of the Sultanate of Oman, APA-Economics reports. According to Azeri-Press News Agency, the IFSWF … Read more
BAKU: The Global Summit of Religious Leaders, themed ‘World Religions for a Green Planet,’ is currently underway in Baku as part of the 29th session of the Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change. The summit continued with a series of panel discussions. According to Azeri-Press News Agency, … Read more
Bratislava: The official visit of Colonel General Zakir Hasanov, Minister of Defense of the Republic of Azerbaijan, to Slovakia is currently underway. This visit comes upon the invitation of Mr. Robert Kalinák, the Deputy Prime Minister and Defense Minister of the Slovak Republic. According to Azeri-Press News Agency, during his visit, Colonel General Zakir Hasanov, … Read more
BISHKEK: On November 5, the ‘Chinghiz Aitmatov’ Order was presented to Ilham Aliyev, President of the Republic of Azerbaijan, in Bishkek, APA reports. The head of state arrived at the house-museum dedicated to the prominent Kyrgyz writer, Chinghiz Aitmatov. According to Azeri-Press News Agency, President Aliyev first toured the house-museum, located at the ‘Ala Archa’ … Read more
London: The price for the January 2025 agreement on the exportation of Brent crude oil has increased by 0.09% to stand at USD 75.15 for a barrel during trade operations held in ICE London Intercontinental Exchange, APA-Economics reports. The price of the WTI brand has increased by 0.07% to stand at USD 71.52 by exporting … Read more
NEW YORK: The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has increased, APA-Economics reports. The natural gas price rose by 0.36% to $2.797 per 1 million BTU (British thermal unit). According to Azeri-Press News Agency, this increase reflects the current market dynamics and supply-demand considerations impacting the energy … Read more
BAKU: Azeri Light (CIF) branded Azerbaijani oil has increased in world markets, APA-Economics reports. The price of Azerbaijani oil per barrel increased by 1.39 US dollars or 1.86% to 76.19 US dollars. According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 74.8 dollars.
BAKU: The volume of gas delivered by Azeri-Chirag-Guneshli (ACG) to the state of Azerbaijan has seen a significant increase of 20% in the first three quarters of 2024. ACG delivered an average of around 6.5 million cubic metres per day of ACG-associated gas, totaling 1.8 billion cubic metres. The primary delivery points were the Sangachal … Read more
