SOCAR and Nakkas Holding Sign Long-Term Cooperation Protocol

SOCAR Trkiye Enerji: SOCAR Trkiye Enerji, the Turkish subsidiary of the State Oil Company of Azerbaijan (SOCAR), and Nakkas Holding signed a long-term cooperation protocol, APA reports. The agreement aims to enhance the logistics for railway transportation of SOCAR products. Additionally, it includes plans for establishing a facility dedicated to the trading and storage of … Read more

Iran Conducts Military Drill Near NW Borders

Baku: Iran on Tuesday launched a military drill involving border guards from three northwestern provinces of Ardabil, East Azarbaijan, and West Azarbaijan, APA reports citing the official news agency IRNA. The exercise is being held at the Jolfa border area, which lies along the borders with Armenia and Azerbaijan, in Iran’s East Azarbaijan Province. According … Read more

Syria Cancels Tartus Port Management Deal with Russian Firm

Syria: Syria’s new authorities have terminated an investment contract regarding the management of the Tartus seaport, which was concluded with a Russian company in 2019, said a senior Syrian customs official. According to Azeri-Press News Agency, the agreement on investment into the port of Tartus, signed with Russia’s Stroytransgas company, has been annulled. Tartus province … Read more

U.S. Secretary of State Discusses Strengthening U.S.-India Partnership

Washington: U.S. Secretary of State Marco Rubio emphasized the Trump administration’s commitment to strengthening the partnership between the United States and India during his meeting with Indian External Affairs Minister Subrahmanyam Jaishankar in Washington, APA reports. According to Azeri-Press News Agency, Rubio and Jaishankar discussed a wide range of topics, including regional issues and opportunities … Read more

Trump Hopes to Meet with Putin ‘Very Soon’

Washington: US President Donald Trump expressed hope for a meeting with Russian leader Vladimir Putin “very soon” while addressing reporters at the White House. He also mentioned the possibility of halting arms supplies to Kyiv. According to Azeri-Press News Agency, Trump responded to questions about whether the new US administration would continue supplying weapons to … Read more

Trial Against Ivan Svetlichny on Treason Charges Kicks Off in Baku

Baku: A preparatory hearing at the Baku Court on Grave Crimes, chaired by Judge Aygun Gurbanova, for Svetlichny Ivan Nikolaevich, who was exposed and arrested in a criminal case conducted by the State Security Service (STS), was held, APA reports. He faces charges under Article 274 of the Criminal Code (treason). According to Azeri-Press News … Read more

Brent Oil Prices Rise While WTI Sees Decrease

London: During trading on the ICE London Intercontinental Exchange, the price of the March 2025 Brent oil export contract increased by 0.05% to $79.33 per barrel. According to Azeri-Press News Agency, the price of a barrel of WTI oil for export in March this year on the New York NYMEX Commodity Exchange decreased by 0.07% … Read more

Guerrilla Violence in Colombia Displaced Nearly 20,000 People

BogotĀ”: A surge in guerrilla violence in northeastern Colombia that left over 100 people dead and displaced nearly 20,000 others has forced authorities to announce a state of emergency, APA reports citing DW. President Gustavo Petro on Monday declared a “state of internal commotion” and a “state of economic emergency” following the unrest. This measure … Read more

Azerbaijan’s Trade Surplus Drops Despite Increased Imports

Baku: Azerbaijan’s positive balance of trade amounted to $5.5 billion last year. In 2024, Azerbaijan’s foreign trade turnover decreased by 7% in comparison with the previous year and amounted to USD 47 billion 612.1 million. According to Azeri-Press News Agency, exports across the country decreased by 21.7% amounting to USD 26 billion 554 million, while … Read more