Azerbaijan’s state oil company SOCAR will additionally produce nearly 16,500 tons of oil annually through commissioning of a new well, said SOCAR in a message. The well was put into operation at the Gunashli offshore field in the Azerbaijani sector of the Caspian Sea after being overhauled. The Gunashli field plays an important role in…
The International Bank of Azerbaijan (IBA) strengthened its positions on the payment cards market, the number of which reached 1,286,100 on July 1. For 2015, the IBA significantly improved its service quality and efficiency of its ATM network. As a result, the number of both corporate and individual clients of the bank increased. As a…
Azerbaijan imposed the laws banning production and imports of grain products received from genetically modified organisms (GMOs), according to amendments to the decree “On Grains” signed by the President of Azerbaijan Ilham Aliyev and published on July 22. In particular, the amendments to the article 6.8 of the decree prohibit the production and trading in…
Another round of talks on Azerbaijan’s accession to the World Trade Organization (WTO) started in Geneva, the Azerbaijani Foreign Ministry said. According to the ministry, at the negotiations the Azerbaijani delegation was headed by Deputy Foreign Minister Mahmud Mammad-Guliyev. Earlier, Chidu Osakwe, director of the WTO office of accession, said the changes taking place in…
In January-May the import volumes of wheat to Azerbaijan totaled 556.6 thousand tons, down by 29.4% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics data, the general cost of imported wheat to the country totaled $104.78 million (down by 43.2% YoY). In the reporting period Azerbaijan imported 59.12…
Azerbaijan Airlines (AZAL) and Russian Ural Airlines will start operating joint flights on Gabala-Moscow-Gabala route from July 31. According to the code-share agreement, flights of Ural Airlines on this airline will be operated under the codes of both airlines. Direct flights on Gabala-Moscow-Gabala route will be operated every week on Sundays. Departure from Domodedovo International…
BJ Services Company Middle East Ltd., a UK oil field servicing company, announced the liquidation of its office in Azerbaijan, the Azerbaijani Taxes Ministry reported. Lenders may submit their claims within two months at: 3, Salyan highway, 15th kilometer, Lokbatan settlement, Garadagh district, Baku, Azerbaijan. BJ Services Company Middle East Ltd. provides on-site services and…