Azerbaijan State Oil Fund’s Assets Surpass USD 60 Billion

Baku: As of December 31, 2024, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) saw an increase of 7.1% compared to the beginning of 2024, reaching USD 60,031.4 million from USD 56,069.7 million, according to SOFAZ, APA-Economics…

SalamNews and Interaz CEO Testified in Court

Baku: The trial involving Metleb Baghirov, the head of the SalamNews and Interaz news agencies, continues at the Baku Court of Grave Crimes, with proceedings overseen by Judge Leyla Asgarova. Baghirov, who has been living outside Azerbaijan since 2003…

Azerbaijani Oil Price Drops Below $80

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.

Accord…

Gas Price in Europe Drops Below $520

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 shift…

Azerbaijan’s MIA Warns About Artificial Intelligence

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 arti…