Category: Economy

SOCAR, LUKoil to expand cooperation in Azerbaijan

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev and President of LUKoil Vahid Alakbarov have met, “QİA.AZ” informs. SOCAR Vice President for Investments and Marketing Elshad Nasirov and Chief of Investment Department Vagif Aliyev attended the conference. The meeting focused on long-term cooperation between LUKoil and SOCAR, praised the participation of LUKoil in projects… Continue reading SOCAR, LUKoil to expand cooperation in Azerbaijan

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EBRD allocates 10 million euros to Ganja

The European Bank for Reconstruction and Development (EBRD) has earmarked 10 million euros to Azerbaijan to benefit the Ganja City House-Community Production Union, “QİA.AZ” says, citing Bank. The Bank will support the upgrade of the municipal solid waste collection infrastructure (waste collection and street cleaning vehicles and containers) in the city of Ganja, as well as… Continue reading EBRD allocates 10 million euros to Ganja

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Azerbaijani oil prices grow

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.5 on Nov. 23 compared to the previous price, making up $46.28 per barrel, QİA.AZ reports with reference to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $45.74 per barrel on… Continue reading Azerbaijani oil prices grow

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BOTAS transports more than 188 million barrels of oil from Ceyhan port

Botas International Limited (BIL), which operates the Baku-Tbilisi-Ceyhan (BTC) pipeline in Turkey, transported 188.2 million barrels of crude oil from the Ceyhan terminal this year. According to “QİA.AZ”, this crude oil amount was loaded on 250 tankers and sent to world markets. So far, 3.548 billion barrels of oil have been shipped on 4,631 tankers from Ceyhan port. BIL was authorized to operate BTC… Continue reading BOTAS transports more than 188 million barrels of oil from Ceyhan port

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Prices for gold, silver, palladium in Azerbaijan rise

Prices for precious metals in Azerbaijan on November 23, with the exception of platinum, increased compared to previous indicators, QİA.AZ reports citing the Central Bank of Azerbaijan (CBA). Accordingly, over the day, an ounce of gold rose by 8.4745 manat ($4.98) or 0.27 percent, amounting to 3,183.828 manat ($1,872), and an ounce of silver – by 0.1498… Continue reading Prices for gold, silver, palladium in Azerbaijan rise

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Azerbaijan approves new quality standard for wheat

he state standard AZS 888: 2020 ‘Wheat. Technical conditions’ was approved, which contains new, tougher requirements for quality control of raw materials to provide the population with healthy and high-quality flour and bakery products, the State Service for Antimonopoly and Consumer Market Control under the Ministry of Economy told QİA.AZ According to the service, the new… Continue reading Azerbaijan approves new quality standard for wheat

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Central Bank of Azerbaijan plans to raise funds at deposit auction

The Central Bank of Azerbaijan (CBA) will hold a deposit auction for banks on November 23, 2020, in order to attract 100 million manats ($58.82) for a period of 14 days, “QİA.AZ” reports with reference to the CBA. As reported, this amount may increase from the amount declared at the auction by no more than 20… Continue reading Central Bank of Azerbaijan plans to raise funds at deposit auction

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