London: Activist hedge fund Elliott Management has built a stake in struggling UK oil major BP, two people with knowledge of the move told Wall Street Journal, APA reports. According to Azeri-Press News Agency, the exact size of Elliott’s stake could not be learned but the $70bn assets under management hedge fund has adjusted its … Read more
Baku: Azerbaijan National Agency for Mine Action (ANAMA) has announced the discovery of 94 landmines and 294 unexploded ordnance (UXOs) in recently liberated territories during the week of February 3 to February 9, 2025. ANAMA conveyed this information to APA, highlighting ongoing efforts to secure these areas. According to Azeri-Press News Agency, ANAMA’s operations led … Read more
Baku: Production of commercial associated gas in Azerbaijan has increased by up to 7%, as reported by APA-Economics citing the State Statistics Committee. Last year, Azerbaijan produced 15,112.09 million cubic meters of associated gas from its oil fields, marking a 0.2% rise compared to the previous year. According to Azeri-Press News Agency, 3,804.91 million cubic … Read more
Baku: Marketable condensate production in Azerbaijan has seen a 2% increase. Last year, 5,292.34 thousand tons of gas condensate were produced in the country, marking a 1.7% rise compared to the previous year, as reported by the State Statistical Committee to APA-Economics. According to Azeri-Press News Agency, 5,284.29 thousand tons of the gas condensate produced … Read more
Baku: In 2024, Azerbaijan witnessed a substantial rise in bread production, with a total output reaching 1 million 196.8 thousand tons. According to Azeri-Press News Agency, this marks an increase of 1,044 tons compared to the previous year’s production figures. In 2023, the country produced 1 million 195.8 tons of bread. The increase in production … Read more
Baku: The World Bank’s Regional Director for the South Caucasus, Rolande Pryce, has indicated that Azerbaijan has the potential for higher economic growth, forecasting an approximate growth rate of 3.2%. This statement was made during an interview with APA-Economics, highlighting the country’s significant investments and efforts to overcome the ‘middle-income trap.’ According to Azeri-Press News … Read more
Baku: Practical classes are being held within the reservists’ training session, APA reports citing the Ministry of Defence. According to Azeri-Press News Agency, reservists are instructed on the tactical and technical characteristics of small arms available in the Army’s armament. The training emphasizes their proper use and includes participation in shooting exercises aimed at enhancing … Read more
Vienna: Europe needs gas supplies and cannot rule out the prospect of transit of blue fuel from Azerbaijan through the territory of Ukraine, Alfred Stern, Chairman of the Executive Board and Chief Executive Officer of OMV AG said, APA-Economics reports. According to Azeri-Press News Agency, Alfred Stern emphasized the necessity to diversify energy sources. He … Read more
Karachi: First Deputy Commander of the Azerbaijan Naval Forces – Chief of Staff, 1st grade Captain Teymur Murshudov, recently met with Commander of the Navy of the Islamic Republic of Iran, Rear Admiral Shahram Irani, during the AMAN-25 multinational exercise and the Aman Dialogue in Karachi, Pakistan. According to Azeri-Press News Agency, the meeting focused … Read more
