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Tag Archives: Azerbaijan

Gas Production at ACG Exceeds 124 Billion Cubic Meters

President of Azerbaijan’s State Oil Company (SOCAR) Rovnag Abdullayev has revealed the volume of production at Azeri-Chirag-Gunashli (ACG) block of oil and gas fields. In his article published in local state newspapers, Abdullayev said that 407 million tons of oil and 124.3 billion cubic meters of associated gas have been …

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IFC Studying Southern Gas Corridor Project

IFC Studying Southern Gas Corridor Project

International Finance Corporation (IFC) is studying the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova told Trend Sept.9. She pointed out that this project is of great importance for the entire region. “We constantly follow the ongoing processes in this project and systematically connect with its main participants. …

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Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Depositors of Closed Azerbaijani Banks Get Over 226M Manats

Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth over 226.04 million manats to depositors of Dekabank, Kredobank, Zaminbank, Parabank, Caucasus Development Bank, AtraBank, Bank of Azerbaijan, Ganjabank and Texnikabank, ADIF said in a message Aug. 31. Below is the list of closed banks and the volume of obtained compensations as …

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Ilham Aliyev: Azerbaijan, Georgia Linked by Projects in Transport, Energy Fields

Azerbaijan’s President Ilham Aliyev received Georgia’s Prime Minister Giorgi Kvirikashvili Aug. 31. “You have quite frequently been visiting Azerbaijan. Now you are visiting as a Prime Minister. I am very glad,” said the president. Ilham Aliyev expressed confidence that this visit will promote the strengthening of relations in the future. …

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ADY Express Transports Cargo via North-South Route

ADY Express Transports Cargo via North-South Route

ADY Express company has started to transport cargo via the North-South route, the Azerbaijan Railways CJSC said. “Despite there is no railway between Azerbaijan and Iran, ADY Express company has been already transporting cargo via this route,” the message said. “For example, compressed liquid gas (butadiene) was transported from Iran …

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Georgia, Azerbaijan to Enjoy Transport Corridor after BTK Commissioned

Georgia and Azerbaijan will have a favorable transport corridor after the Baku-Tbilisi-Kars railway is put into operation, said Georgian Foreign Minister Miikheil Janelidze. He made the statement at a joint press conference with his Azerbaijani counterpart Elmar Mammadyarov in Tbilisi Aug. 29. At the same time, Georgia and Azerbaijan play …

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Iran Envoy: No Deal to Export Gas to Georgia via Armenia

Iran Envoy: No Deal to Export Gas to Georgia via Armenia

At the moment, there is no agreement on the gas export from Iran to Georgia, Iran’s Ambassador to Azerbaijan Mohsen Pak Ayeen told Trend August 25. He was commenting on the information which appeared in the Iranian media outlets regarding signing of a contract for the supply of Iranian gas to …

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BP Increases Gas Output in Azerbaijan

BP Increases Gas Output in Azerbaijan

In 1H2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5.2 billion cubic meters of gas and 1.2 million tons of condensate in the same period of 2015, said …

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Don’t Try to Buy Dollars in Azerbaijan’s Capital

Azerbaijan is in the grip of a fresh currency crisis. Dollar sales in the Azeri capital have all but seized up as demand from households still reeling after two devaluations last year leaves most banks running on empty, with the manat plunging the most globally against the U.S. currency on …

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Stratfor: Azerbaijan Changing Balance in Caucasus

The balance in the Caucasus is changing, according to an analysis posted on the website of the US-based geopolitical intelligence firm Stratfor. “With Iran emerging from the malaise of sanctions, it is reaching north and becoming more assertive. Russia, too, is changing tack, aligning with Azerbaijan instead of Armenia in …

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