Baku: Gas production in Azerbaijan increased by more than 2% last year, reaching a total of 51.5 billion cubic meters. This marks a 2.4% rise compared to the previous year, as reported by APA-Economics, citing operational information from the Ministry…
Baku: The Azerbaijan Mine Action Agency (ANAMA) has successfully conducted mine-clearance operations across several districts including Tartar, Aghdara, Kalbajar, Aghdam, Khojaly, Khankendi, Khojavend, Lachin, Shusha, Fuzuli, Gubadli, Jabrayil, and Za…
Baku: Azerbaijan’s State Customs Committee successfully thwarted an attempt to illegally import gold bars into the country, as reported by APA-Economics. The incident involved officials from the Air Transport Head Customs Department who intercepted th…
New york: The price of one troy ounce of gold rose by $93.8, reaching $4,594.7 on the COMEX Commodity Exchange in New York. This significant increase highlights the ongoing fluctuations within the global precious metals market.
According to Azerbaija…
Baku: SOFAZ has revealed the primary reasons for the reduction in its revenues from oil and gas transit, attributing the decline to unforeseen geopolitical challenges. Taking into consideration that the actual transit revenues for 2025 fell significan…
Ashgabat: The Minister of Foreign Affairs of Turkmenistan, Rashid Meredov, recently engaged in discussions with Gismet Gezalov, the Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Turkmenistan. The meeting focused on exam…
Baku: Azerbaijan has reported a significant boost in its oil refining capacity, with the country processing 6.2 million tons of oil last year, marking a 6.9% increase compared to the previous year.
According to Azeri-Press News Agency, the Ministry …
Baku: Projected inflows from the sale of profit oil and gas by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the next year are expected to decrease by 12.7% compared to the 2025 projection. This decline is attributed to reduced producti…
Baku: Azerbaijan is poised to become a regional leader in green energy, as highlighted by Khalid Taimur Akram, a renowned Pakistani expert in international relations, in his interview with AZERTAC. Akram commended Azerbaijan’s national energy strategy…