Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is expected to generate $5 billion 763.1 million or AZN 9 billion 797.3 million in revenue from profitable oil and gas, as projected in the 2025 budget draft. This information was reflected in the opinion of the Chamber of Accounts on the draft budget … Read more
Baku: President of the Republic of Azerbaijan Ilham Aliyev has sent a congratulatory letter to President of the People’s Republic of China Xi Jinping on the occasion of the upcoming Spring Festival, APA reports. According to Azeri-Press News Agency, the letter from President Aliyev expressed his sincere congratulations to President Xi Jinping and the people … Read more
Baku: The composition of the Organizing Committee for the III CIS Games, scheduled to be held in Azerbaijan in 2025, has been revised. President Ilham Aliyev has signed an order effectuating this change. According to Azeri-Press News Agency, the new composition of the Organizing Committee includes Samir Sharifov, the Deputy Prime Minister of the Republic … Read more
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 $0.34 or 0.43% to $79.14. According to Azeri-Press News Agency, the previous price of Azerbaijani oil was $79.48.
Baku: President of the Republic of Azerbaijan Ilham Aliyev extended his congratulations to President Xi Jinping of the People’s Republic of China in light of the upcoming Spring Festival, as reported by APA. According to Azeri-Press News Agency, President Aliyev expressed his well-wishes for the Chunjie Festival, which signals the start of a new year … Read more
Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has transferred a total of AZN 155,931.9 million to the state budget as of January 1, 2025. According to Azeri-Press News Agency, within the framework of the execution of SOFAZ’s 2024 budget, a total of AZN 12,781 million was transferred to the state budget … Read more
Baku: This year marks the first instance of dividends being paid to the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from state-owned shares of the Southern Gas Corridor (SGC) CJSC. The amount of USD 233.1 million, equivalent to AZN 396.2 million, has been allocated for this purpose. This information was detailed in the … Read more
Aktau: The Prosecutor General’s Office of Kazakhstan is actively pursuing its investigation into the crash of an AZAL plane near Aktau, Deputy Prosecutor General Galymzhan Koigeldiyev informed journalists. This statement was reported by APA. According to Azeri-Press News Agency, Koigeldiyev emphasized that the investigation is still in progress, with a specialized team comprising experienced personnel … Read more
Tashkent: On the sidelines of the 2nd trilateral meeting of the Ministers of Foreign Affairs, Trade/Economy, and Transport of Azerbaijan, Trkiye, and Uzbekistan, the Foreign Minister of the Republic of Azerbaijan and the Foreign Minister of the Republic of Uzbekistan convened to discuss a wide range of topics. These included political, economic, trade, energy, transport, … Read more
