Category: Economy

SOCAR Energy Ukraine, a subsidiary of the State Oil Company of Azerbaijan, plans to open three more petrol stations in Ukraine by the end of 2020, Director of company’s retail division Igor Orlov said in an interview to Ukrainian media on November 4. “By the end of this year, we are planning to open three… Continue reading SOCAR to open three more petrol stations in Ukraine by late 2020

The prices of precious metals increased in Azerbaijan on Nov. 5 compared to the previous price, QİA.AZ reports on Nov. 5 referring to the data published by the Central Bank of Azerbaijan (CBA). The price of gold increased by 13.2345 manat or $7.785 (0.41 percent) and amounted to 3,241.5175 manat or $1,906.775 per ounce. The price of… Continue reading Precious metal prices in Azerbaijan up

The Azerbaijan Deposit Insurance Fund (ADIF) has paid compensations worth over 560 million manat ($329.4 million) to 23,640 depositors of the closed Ata Bank, Amrah Bank, AG Bank, and NBC Bank, QİA.AZ reports with reference to ADIF. According to ADIF, 4,380 depositors of AG Bank received over 86.4 million manat ($50.8 million), 4,040 depositors of… Continue reading Customers of closed banks in Azerbaijan continue receiving compensation

A meeting in the format of a video conference between the Azerbaijani Minister of Energy Parviz Shahbazov and the Ambassador of Iran to Azerbaijan Seyed Abbas Mousavi was held, QİA.AZ reports citing the ministry. According to the ministry, issues of bilateral cooperation between Azerbaijan and Iran in the energy sector were discussed at the meeting.… Continue reading Azerbaijani energy minister meets Iranian ambassador (PHOTO)

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.47 on Nov.4 compared to the previous price, making up $40.78 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 $40.27 per barrel on Nov.4,… Continue reading Azerbaijani oil prices grow

A mechanism of agricultural insurance has been officially launched in Azerbaijan with state support, QİA.AZ reports citing the Azerbaijani Ministry of Agriculture. Azerbaijani Minister of Agriculture Inam Karimov met with a delegation from the Turkish Ministry of Agriculture and Forestry and the Turkish Agricultural Insurance Union (TARSIM) in the administrative building of the Agricultural Insurance… Continue reading Azerbaijan launches agricultural insurance mechanism

The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 1.9956 manat respectively for Nov. 5. Below are the rates of Azerbaijani manat against world currencies according to the data from the Central Bank of Azerbaijan. Currencies Nov.5, 2020 Nov.4, 2020 Oct.5, 2020 Nov.5, 2019 Daily… Continue reading Azerbaijani currency rates for Nov. 5