The North-South international transport corridor is one of the main issues between Iran and Azerbaijan as well as regional countries, Iranian President Hassan Rouhani said. He made the remarks while on an official visit to Baku on August 7, at a joint press conference with Azerbaijani President Ilham Aliyev. “The corridor will connect Azerbaijan to…
Relations between Azerbaijan and Iran have never been at such a high level as now, said Azerbaijan’s Economy Minister Shahin Mustafayev. Mustafayev made the remarks on August 6, at a meeting dedicated to laying foundation for a joint car plant with Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh. He said Iran’s investments…
A groundbreaking ceremony for construction of a joint Azerbaijani-Iranian car plant was held on August 6, in Azerbaijan’s Neftchala industrial quarter. The plant is a joint project of Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker Iran Khodro. Azerbaijan’s Economy Minister Shahin Mustafayev and Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh participated in…
Construction of two main blocks of the Shah Deniz Bravo (SDB) offshore platform, which is being built as part of the development of Azerbaijan’s Shah Deniz gas and condensate field, has been completed by more than 50%, a source on the country’s oil and gas market said. The source said that assembling of topside modules…
The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the China Council for the Promotion of International Trade (CCPIT) signed a memorandum of understanding. The memorandum was signed during the meeting of representatives of AZPROMO and CCPIT in Baku. The memorandum stipulates expanding joint export and investment opportunities between Azerbaijan and China, as well as…
An Iranian private company is negotiating gas swap with Azerbaijan and Turkmenistan, Azizollah Ramazani, director of the International Affairs Department at the National Iranian Gas Company (NIGC), said. He did not unveil further details. Iran has already announced readiness for natural gas swap projects with Russia, Turkmenistan and Azerbaijan. It was earlier announced that Iran…
The authorized capital of Azerbaijan Caspian Shipping CJSC will be increased by almost 15%, from 383.42 million manats to 440.05 million manats, according to a decision on the amendments to the company’s charter of the country’s Cabinet of Ministers. As a result, total number of the company’s shares will increase from 383,420,621 to 440,050,998 (one…