Baku: The Organization of the Petroleum Exporting Countries (OPEC) has revised its forecast for the average daily production of oil and other liquid hydrocarbons in countries not part of the OPEC+ agreement. This initiative, which includes both OPEC and non-OPEC countries, aims at reducing oil production. The updated forecast now predicts an average daily output … Read more
Nakhchivan: In alignment with the military cooperation agreement signed between Azerbaijan and Trkiye, a national flag change ceremony was conducted in preparation for the joint “Winter Exercise 2025” which is scheduled to take place in Kars, Trkiye, Ministry of Defense told APA. According to Azeri-Press News Agency, the flag platoon, having received the flag from … Read more
Baku: The Ministry of Foreign Affairs of Azerbaijan has criticized the Armenian Foreign Ministry for issuing what it calls fabricated statements. Aykhan Hajizada, the Spokesperson for the Azerbaijani Foreign Ministry, responded to a recent statement made by the Armenian Foreign Ministry on January 15, 2025. According to Azeri-Press News Agency, Hajizada’s commentary focused on allegations … Read more
Moscow: Iranian Minister of Road and Urban Development Farzaneh Sadegh and Russian Minister of Transport Roman Vladimirovich Starovoyt have evaluated agreements and understandings between the two countries, APA reports citing IRNA. The fifth joint meeting of the Minister of Roads and Urban Development of the Islamic Republic of Iran and the Minister of Transport of … Read more
Baku: Azerbaijan has reported a significant increase in its gas exports to Europe, marking a 9% rise in 2024. In the period from January to December of the previous year, 12.9 billion cubic meters (bcm) of gas were exported to Europe, reflecting a 9.3% increase from the year before, as announced by Azerbaijan’s Energy Minister, … Read more
Baku: Preventive and anti-epidemic measures are being taken to prevent the spread of acute respiratory viral infections in Azerbaijan during the autumn-winter season, TABIB told APA. According to Azeri-Press News Agency, the vaccination process began in September 2024, taking into account the requirements of the “cold chain” system. By January 1, 2025, a total of … Read more
London: During trading operations on the ICE London Intercontinental Exchange, the price of the March 2025 Brent oil export contract increased by 0.16% to 80.05 US dollars per barrel, APA-Economics reports. According to Azeri-Press News Agency, the price of a barrel of WTI oil for export in March this year on the NYMEX commodity exchange … Read more
Washington: The US Department of Energy has revised its forecast for global oil prices, predicting a gradual decrease over the next few years. The updated forecast suggests that the average price of Brent benchmark oil in 2025 will rise slightly from the previous estimate of $73.58 to $74.31, while WTI crude oil is expected to … Read more
Baku: An Azerbaijani citizen, Hasanov Emin Nazim, has been extradited from Moldova to Azerbaijan following a request from the General Prosecutor’s Office of the Republic of Azerbaijan. This decision was made by the competent authorities of Moldova in line with the Convention on Legal Assistance and Legal Relations in Civil, Family and Criminal Matters, established … Read more