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Tag Archives: Azerbaijan

Tariffs on Trans-Caspian International Transport Route Reduced

Tariffs on Trans-Caspian International Transport Route Reduced

Tariffs on the Trans-Caspian International Transport Route (TITR) are likely to be further reduced due to ongoing negotiations with maritime operators on the Black Sea, after fees were already lowered on routes between Kazakhstan, Turkey and Poland. The aim is to lower the overall rate for transporting cargo between China …

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BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP-led Group Extends Huge Azerbaijan Oil Field Deal to 2050

BP signed a contract with the government of Azerbaijan today to extend a production sharing deal until 2050. A group led by BP agreed with the State Oil Company of the Republic of Azerbaijan (Socar) to continue developing the huge Azeri Chirag fields and the deep water portion of the Gunashli field …

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Ukraine, Georgia, Azerbaijan Railway Companies Ink Memo to Operate Ferries

Ukrainian Railways PJSC, Georgian Railway LLC and Azerbaijan Railways CJSC have signed a memorandum of cooperation, Ukrainian Railways said in a message, trend.az reported. The sides will jointly operate regular train ferry service for development of freight traffic along the EU-Ukraine-Black Sea-Georgia-Azerbaijan-Caspian Sea-Asia route with the use of ferries of …

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Azerbaijan, Turkey to Launch New Money Transfer System

Turkey, a brother nation and strategic ally of Azerbaijan, is creating a new system of money transfers, which will be launched for the first time to carry out transfers with Azerbaijan. The Turkish side is directly involved in the development of the money transfer system, while Azerbaijan provides advisory services …

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Azerbaijan Eyes China’s Wine Market

Azerbaijan Eyes China's Wine Market

Azerbaijan intends to increase wine exports to China, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said on its website Friday. The issue of expanding cooperation between Azerbaijan and China in the area of wine trade was discussed at a meeting participated by local winemakers and the trade representative of Azerbaijan …

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ADY Express Launches Georgia-Azerbaijan Container Train

ADY Express Launches Georgia-Azerbaijan Container Train

A subsidiary of Azerbaijan Railways CJSC, Logistics Company called ADY Express LLC has launched new container block train on the Poti/Batumi (Georgia) – Keshla station (Azerbaijan) route, said company’s the website. The train is scheduled to depart three times a week and cover a distance of 900 kilometers in 30 …

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Trade Turnover Between Azerbaijan, Georgia Hits $425M

The trade turnover between Azerbaijan and Georgia amounted to $425.91 million in January-July 2017, which is 34.2 percent more compared to the same period of 2016. Azerbaijan occupies the fifth place among the importers of Georgian products, according to Georgia’s Statistics Service. During the reporting period, the supply of goods …

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Azerbaijan Issues $632M for Construction of BTK’s Georgian Section

Azerbaijan’s state oil fund allocated $631.79 million as of July 1, 2017 for financing construction of the Baku-Tbilisi-Kars railway (BTK) project. Under the agreement signed between Azerbaijan and Georgia, the funds were transferred through the International Bank of Azerbaijan to the Marabda-Kartsakhi Railway, which was created for the design, construction, …

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