Baku: The average price of oil per barrel in 2025 is projected at $68.6, while the price of 1,000 cubic meters of gas is forecasted at $399, the Governor of the Central Bank of Azerbaijan, Taleh Kazimov, said during a press conference on the parameter…
Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has significantly bolstered its gold reserves, now exceeding 181 tons. The increase is part of SOFAZ’s strategic decision to enhance its investment in gold, a move that has seen a substant…
Baku: “The dynamic development of relations between Azerbaijan and Egypt is a source of great satisfaction,” President Ilham Aliyev stated in his congratulatory letter to the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, on the occasi…
Baku: In January-June of this year, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) received 4,850.6 million manats from the Azeri-Chirag-Gunashli (ACG) oil and gas field block and the Shah Deniz gas and condensate field block.
According to…
Baku: Azerbaijan’s strategic foreign exchange reserves increased by 9.4% to $77.4 billion in the first half of this year, Chairman of the Central Bank of Azerbaijan, Taleh Kazimov said at a press conference held today, APA-Economics reports.
Accor…
Shamkir: Azerbaijani President Ilham Aliyev has authorized significant funding for road repairs in the Shamkir district. Under his recent order, AZN 2 million has been allocated for the major repair of the Dallar Jayir-Dallar Dashbulag and Gadimgala-M…
Ankara: The visit of Azerbaijan’s Minister of Defense, Colonel General Zakir Hasanov, along with senior Ministry leadership, to Turkey is ongoing, as reported by the Ministry of Defense to APA. The visit emphasizes the growing military collaboration b…
Venice: Azerbaijani director Hilal Baydarov’s film will be screened at the Venice Film Festival, the director himself informed APA. He stated that the last film of the “Sermon” trilogy, titled “Sermon to the Void,” will have its world premiere at the …
Baku: Azerbaijan’s Ministry of Emergency Situations has deployed two helicopters to tackle a fire that erupted in the Aghdam and Aghdara districts. The fire, reported via the ‘112’ hotline, is affecting the villages of Aliaghali and Yeni Garalar in Ag…