Business
29 May 2007 [21:49]
"During the first quarter of 2007, Azeri-Chirag-Guneshli spent $79 million in operating expenditure and $614 million capital expenditure. For the full year, we plan to spend $396 million in operating expenditure and $2,579 million in capital expenditure," BP-Azerbaijan President Bill Schrader told a 2007 first quarter results media briefing.
29 May 2007 [21:43]
BP has fixed problems at one of its two gas producing wells at the Azeri Shakh-Deniz field and hopes to produce 2.7 billion cubic metres of gas this year -- almost half its initial estimates, the firm said on Tuesday.
29 May 2007 [14:49]
By late June, Azerbaijan's Transport Ministry will complete the paperwork of the expected competition for installation of Baku Intelligent Traffic Control System.
29 May 2007 [13:35]
Remedial works on Garadagh-Gazimammad pipeline are ongoing to repair the failure in Garadagh.
29 May 2007 [11:41]
The First Vice President Varel Freeman of the European Bank for Reconstruction and Development (EBRD) will pay a working visit to Azerbaijan to have discussion on relocation of Baku Cargo Terminal and involvement in financing Baku-Tbilisi-Kars railway project. A memorandum of understanding will be reached during the visit.
28 May 2007 [13:52]
Six countries signed a document in Yalta on Friday on forming a common CIS electricity market. Six more countries declined to sign the document.
26 May 2007 [22:18]
Shell favours the agreement between Kazakhstan, Russia and Turkmenistan on construction of Caspian gas pipeline.
26 May 2007 [14:34]
Seven percent of the country's stabilization fund was handed over to the World Bank.
26 May 2007 [14:31]
Nakhchivan Autonomous Republic stopped receiving electricity from Iran and Turkey.
26 May 2007 [13:45]
Milli Majlis today sat to discuss results of 2006-budget.
26 May 2007 [13:43]
Azerbaijan's per capita health spending rose to AZN 19 million in 2006, 2.5 times higher than the previous year, Ziyad Samadov, chair of the parliament commission for economic policy, told a parliament session on Friday.
26 May 2007 [13:34]
Preliminary court proceeding on criminal case on "Tereqqi" building company officials was held at Court of Grave Crimes, the court told.
26 May 2007 [13:24]
Azerbaijan Investment Company and Kuwait Finance House have signed a memorandum of understanding. AIC press service told that the document envisions establishment of an investment organization which will finance a number of joint projects in Azerbaijan.
26 May 2007 [11:15]
Deputy Prime Minister, Yagub Eyyubov, and State Oil Company (SOCAR) President Rovnag Abdullayev met with Georgian Prime Minister Zurab Nogaideli in Tbilisi.
26 May 2007 [10:42]
800km part of Baku-Supsa pipeline running near Zestafoni City (western Georgia) will be rerouted because of natural land process in this territory.
26 May 2007 [10:41]
Azerbaijan's parliament Milli Majlis has today discussed the amendments to the 2007 state budget.
25 May 2007 [14:22]
The amount of incomes earned by Azeri entrepreneurs totaled to AZN 4.324 billion in 2006, up 26% from the previous year.
25 May 2007 [08:10]
The Azerbaijani-Latvian Banking Forum will be held in Baku on June 8 by the National Bank of Azerbaijan, Latvian Mortgage Fund and Association of Commercial Banks.
25 May 2007 [08:09]
The statutory meeting of the Association of Azerbaijan Stock Market Participants has been held on Thursday.
25 May 2007 [08:08]
A Training Center for Intellectual Property will be established under Azerbaijan's State Agency or Standardization, Metrology and Patents by this year's end.
25 May 2007 [08:00]
25 May 2007 [07:58]
Turkish embassy is studying the economic potential of Azerbaijan's regions and works hard in involving Turkish firms and enterprises to these areas.
24 May 2007 [23:18]
International notice will be issued on the runner of Kapital Bank in Azerbaijan, Zamig Aghayev who robbed the bank $140,000 on May 17, Deputy Sabayel prosecutor Elchin Sultanov told.
24 May 2007 [16:21]
Azerbaijan's Minister of Economic Development Heydar Babayev met Thursday with Frank Mermoud, Special Representative for Commercial and Business Affairs of the US Department of State.
24 May 2007 [16:06]
100 buses will be delivered to Azerbaijan from China in June in accordance with am agreement between ChangAn and Nihad Motors.
24 May 2007 [14:43]
The new energy deal Russia signed with the energy-rich Kazakhstan and Turkmenistan casts a shadow on the European and American strategies of energy diversification.
24 May 2007 [11:50]
The biggest oil and gas company in Azerbaijan, SOCAR, has opened an office in Bucharest with the stated goal of looking for business opportunities in Romania, a possible investment in a Romanian refinery included.
24 May 2007 [11:42]
24 May 2007 [11:06]
Mercury-2 market and caterings around Mashadi Azizbayov metro station were demolished on May 23. Representatives of OJSC Azeryolservis and Nizami Executive Power had a conflict with the salesmen and persons having establishments there.
24 May 2007 [09:24]
On May 22, Milli Majlis (the Parliament of Azerbaijan) passed the Law on ratification of the credit agreement between the Republic of Azerbaijan and the Saudi Fund for Development (SFD) for reconstruction Yevlakh-Ganja road.
24 May 2007 [09:19]
The project aimed at improving Baku-Georgian border railway and using fast trains was presented with participation of Azerbaijan's Deputy Minister for Transportation Musa Panahov and South Korean Vice Minister for Construction and Transportation Lee Choon-hee.
24 May 2007 [09:18]
Five Iranian companies have participated in the 13th International Exhibition on Agriculture and Foodstuff in Baku, capital of Azerbaijan.
24 May 2007 [09:12]
Azerbaijan State Railway Company (ADDY) is negotiating with Russia and Georgia to minimize passenger train control time at border checkpoints.
24 May 2007 [08:46]
Six Moldovan enterprises have staged their goods at the 13th issue of the Interfood 2007 International Exhibition and the first issue of the Agrihort International Exhibition, inaugurated in Baku today, according to the Foreign and European Integration Ministry's press service.
24 May 2007 [08:39]
Azersun Holding Group of Companies plans to start construction of an oil terminal in Garadagh, near Baku in a few months.
24 May 2007 [08:36]
Azerbaijan will complete the blueprint of a plant to produce iodinated salt, said Abdolbari Goozal, President of Azersun Holding.
24 May 2007 [08:33]
Ahmad Mahmudov Freighter, the last of five dry cargo vessels, commissioned by Palmali Group of Companies, and built by Russia's Krasnoye Sormovo Shipyard, has been launched on Thursday.
24 May 2007 [08:32]
Azerbaijan-Germany business forum was held in Ganja on the initiative of German-Azerbaijan Economic Development Assistance Union (DAWF) and Economic Development Ministry.
24 May 2007 [08:11]
A number of Turkish military technology and product makers show great interest in Azerbaijan.
24 May 2007 [08:10]
It is planned to hold Ukraine-Azerbaijan Business Forum in Kiev in July.
24 May 2007 [08:07]
Baku Gas Supply Department BakQaz has cut off supply to 2,653 customers who owe a total of AZN 551,284.
23 May 2007 [14:18]
Russian gas monopoly Gazprom will sell up to 750 million cubic meters of natural gas per year to Turkish consumers under a deal signed with a Turkish energy group on Tuesday, Gazprom said.
23 May 2007 [14:15]
It?c? Caspian LLC, the exclusive partner of ITE Group, has today started the 1stAzerbaijan International Exhibition- Agriculture-2007 and the 13th Azerbaijan International Exhibition "Food, Drinks and Packaging" InterFood Azerbaijan-2007.
23 May 2007 [12:43]
Today Azerbaijani President Ilham Aliyev participated in the opening of Khatai shopping mall.
23 May 2007 [08:44]
No serious shortfalls have been found during the inspections in Avropa Gapilari Open Joint-Stock Company, said the founder of company, MP Baba Tagiyev.
23 May 2007 [08:38]
Conutry's GDP grew 37.1%, or AZN 1.8 billion, year on year, in January-April, to AZN 6.8842 billion. GDP per capita jumped 35.5% to AZN 816.8, or $940.3.
23 May 2007 [08:37]
Ministerial Conference "Energy in a changing world" organizing by Russian Industry and Energy Ministry and UNESCO will be held at UNESCO headquarters in Paris from 31 May to 1 June 2007.
23 May 2007 [08:34]
Azerbaijan's agriculture minister said Tuesday his country has lifted its embargo on U.S. poultry meat.
23 May 2007 [08:33]
"Sometimes, there is no information about fruits imported to Azerbaijan. Unidentified products in this type including tropical products like kiwi, pineapple and banana can be hazardous for health.
23 May 2007 [08:29]
Azerbaijan's MBASK Insurer has today delivered a presentation of auto insurance programme called QUR - Far from Accident and Relaxed.
23 May 2007 [08:27]
The price of glass will go down in Azerbaijan after Azerbaijan-China joint venture Azershushe comes on stream.
23 May 2007 [08:13]
Oil extraction in Azerbaijan in January - April of 2007 amounted 13 million 727.2 thousand of tones which is by 47,1% more comparing to the same period of 2006.
23 May 2007 [08:08]
Russia urged the Organization for Security and Cooperation in Europe (OSCE) to investigate the death of marine life and damage to the environment in the Caspian Sea, blaming it on pollution from the oil and gas industry.
22 May 2007 [22:58]
IDEF-2007 international defense industry fair is being held in Ankara.
22 May 2007 [22:52]
Azerbaijan’s Azer-Asia Insurance Company is going to sue UniBank in accusation of misappropriating its slogan "Your Supporting Point".
22 May 2007 [13:42]
In the future the United States can increase live and pomegranate imports from Azerbaijan, said W. Kirk Miller General Sales Manager Foreign Agricultural Service (FAS) of U.S. Department of Agriculture (USDA).
22 May 2007 [12:04]
ONGC Videsh Ltd, the overseas arm of Indian state-run Oil and Natural Gas Corp (ONGC), is likely to bid over USD 300 million to buy Caspian Energy Group LLP's interest in a Azerbaijan oil field.
22 May 2007 [12:01]
Supported by the United States-Azerbaijan Chamber of Commerce (USACC), Azerbaijan and Export and Investment Promotion Foundation (AzPromo) and AtaHolding Group of Companies the U.S.-Azerbaijan Agribusiness Forum took place in Baku on May 22 within the scope of the second U.S trade mission's visit to Azerbaijan for the food and agriculture sector.
22 May 2007 [08:48]
Azerbaijan's Railway Development Program for 2007-2011 covers reconstruction of all railway elated field.
22 May 2007 [08:37]
Parliament's standing commission for economic policy has today concluded that balanced and fast economic growth during January-April makes it possible to make some amendments to the 2007 budget blueprint.
22 May 2007 [08:19]
On May 23, Azerbaijani-Germany Business Forum will be held in Ganja, a second largest city of Azerbaijan, said Frank Weizig, an official of German Ministry of Economics and Technology.
22 May 2007 [08:16]
Some low-quality alcoholic beverages are imported to Azerbaijan under the brand of famous high-quality drinks, the country's agriculture minister said.
22 May 2007 [08:14]
Parliament's social policy commission has made some additions and amendments to the 2007 budget blueprint of the Azerbaijan State Social Protection Fund.
22 May 2007 [08:12]
As per a presidential decree on governmental support for farmers, AZN 80 million has been earmarked from the state budget for selling fuel and lubricants (AZN 56 million) and fertilizers (AZN 24) to farmers at 50% discount.
22 May 2007 [08:11]
22 May 2007 [08:10]
Azerbaijan's Bank Standard has launched a unique Private Banking for VIP customers and opened a VIP office at 191, Tolstoy Street, Baku.
22 May 2007 [08:00]
Construction of suspension bridge is underway in Zagatala region of Azerbaijan.
22 May 2007 [07:33]
Some European energy experts believe that Russia's latest deals with Turkmenistan and Kazakhstan -- which could jeopardize Turkey's policy of becoming an energy route for Caspian oil and gas, bypassing the strategic and busy Bosporus and Dardanelles straits -- should be seen as a serious blow both to Turkey and the EU's aspirations to reduce reliance on Russian gas and energy.
21 May 2007 [17:30]
President Ilham Aliyev received Reinier Zwitserloot, Chairman of the Board of Executive Directors of the German company Wintershall, the country's largest crude oil and natural gas producer.
21 May 2007 [16:33]
The efforts to seek a manager and a legal consultant for the first issue and flotation of eurobonds in the international market have continued to progress, said Gunduz Mammadov, chair of the State Committee for Securities.
21 May 2007 [16:23]
Azerbaijan's State Committee for Securities has completed development of a bill on Investment Funds and submitted to a panel of international experts for review.
21 May 2007 [15:54]
Baku will host the14th International Caspian Oil and Gas Exhibition and Conference Incorporating Refining and Petrochemicals June 5-8.
21 May 2007 [15:03]
"Germany wants to import Azeri gas. The government of Germany intends to ensure its gas supply in diversified way, from different nations, including Caspian countries like Azerbaijan and Kazakhstan."
21 May 2007 [14:45]
A delegation of South Korean railway specialists will come to Baku on May 22, said Gurban Nazirov, an officer of Azerbaijan State Railway Company (ADDY).
21 May 2007 [14:33]
Supported by German-Azerbaijan Economic Development Assistance Union (DAWF), [Deutsch-Aserbaidschanische Wirtschaftsforderverein] Azerbaijan's Economic Development Ministry and Azerbaijan Export and Investment Foundation (AzPromo), a forum titled Azerbaijani-German Economy Days was held in Baku.
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