Baku: Azeri Light (CIF) Azerbaijani oil has decreased in price on world markets, APA-Economics reports. The price of Azerbaijani oil per barrel decreased by $1.02 or 1.27% to $79.48. Noted that the previous price of Azerbaijani oil was $80.5. According to Azeri-Press News Agency, the decline in the price of Azerbaijani oil reflects current trends … Read more
Amsterdam: The price of 1,000 cubic meters of gas in Europe has fallen below $520 at the close of auctions, marking a significant change in the energy market dynamics. This decrease was observed in the latest trading sessions, reflecting ongoing shifts in demand and supply across the continent. According to Azeri-Press News Agency, on January … Read more
Astana: Kazakhstan plans to start producing shale oil in 2025, Kazakh Prime Minister Olzhas Bektenov said. The initiative aims to create additional incentives for attracting investments in the oil and gas industry. According to Azeri-Press News Agency, the first production of Kazakh shale oil, which is extracted from sedimentary rocks, is expected to begin this … Read more
Baku: The Ministry of Internal Affairs of the Republic of Azerbaijan (MIA) has issued a warning regarding artificial intelligence, the ministry told APA. The warning emphasizes the rising trend of cyberattacks associated with the increased use of artificial intelligence technology. According to Azeri-Press News Agency, the MIA’s statement highlights the risks posed by unreliable artificial … Read more
Pyongyang: North Korea is preparing to send Russia more than 100 artillery systems to be used in its war against Ukraine. According to Azeri-Press News Agency, Kyrylo Budanov, Ukraine’s military intelligence chief, has reported that Pyongyang is gearing up to double the number of artillery systems it has sent to the border region of Kursk. … Read more
New York: The Western Azerbaijan Community has sent a letter to UN Secretary-General Antonio Guterres concerning a speech made by Levon Ter-Petrosyan during his presidency in Armenia in 1993. In the speech, Ter-Petrosyan allegedly confirmed that ethnic cleansing and occupation were state policies of Armenia, describing the expulsion of Azerbaijanis from Armenia as a historic … Read more
Baku: Azerbaijan has announced the implementation indicators of its 2024 consolidated budget, highlighting both its revenues and expenditures for the year. The Ministry of Finance of Azerbaijan has provided detailed figures for the financial plan. According to Azeri-Press News Agency, the consolidated budget revenues for 2024 amounted to 47 billion 947 million manats. Meanwhile, the … Read more
Baku: Azerbaijan has revealed the financial expenditure on the restoration of its liberated territories over the past year. In 2024, a significant 99.4 percent, translating to AZN 4,828.5 million, of the AZN 4,855.8 million designated in the state budget for these reconstruction and restoration efforts was utilized by customer organizations. These funds were executed through … Read more
Baku: As of January 1, 2025, Azerbaijan’s state budget has allocated 1,295.6 million manat for servicing state debt and obligations, APA-Economics reports citing the Ministry of Finance of Azerbaijan. Of these expenditures, payments on domestic state debt amount to 170.3 million manat in interest, while foreign state debt required 1,125.2 million manat, with 850.0 million … Read more
