Azerbaijan: SOCAR to export LNG

The Azerbaijani state oil company SOCAR is supplying liquefied natural gas to new buyers. “SOCAR will possibly start “pure trading” in the next five years”, Arzu Azimov, chief executive officer of Geneva-based Socar Trading, said. “Until then it will focus on projects that involve using LNG to generate power in nations from Africa to Southeast…

Azerbaijan: new Lifan cars to be assembled

New Lifan cars will be assembled at the Nakhchivan Automobile Plant (NAZ), the plant’s Director Musa Abdullayev said. This issue was discussed during the talks in Baku between the plant’s Director Musa Abdullayev and Director General of Lifan International Sun Zejun. Four-wheel drive Lifan X7 sport utility vehicle (SUV) and a minivan for 11 people…

Azerbaijan to open new flights to attract tourists

In order to attract tourists to Azerbaijan, the ministries of economy, finance, culture and tourism, the Civil Aviation Administration and Azerbaijan Railways CJSC have been instructed to take measures to organize new advantageous international routes and inform Azerbaijan’s president on the issue. The Ministry of Culture and Tourism has been instructed to prepare the general…

Azerbaijan: passing through checkpoints to be eased

Azerbaijan will speed up the passage of foreigners and stateless persons through the border checkpoints with Russia, Turkey, Iran and Georgia, according to the decree signed by Azerbaijan’s President Ilham Aliyev on additional measures for developing tourism in the country. Jointly with the Foreign Ministry, State Customs Committee and the State Border Service, the Ministry…

Azerbaijan ahead of schedule on TANAP

The work within the Trans-Anatolian Natural Gas Pipeline (TANAP) project is underway in accordance with the plan, President of the Azerbaijani state oil company SOCAR Rovnag Abdullayev said. He said that there were no problems with the implementation of the project. “Partly, we are even ahead of schedule and 850 kilometers of pipes have been…

Azerbaijan invites Iranian businessmen for active co-op

Azerbaijan invites Iranian entrepreneurs to actively cooperate with local businessmen, said Azerbaijan’s Deputy Economy Minister Sahib Mammadov. Mammadov made the remarks during the Azerbaijani-Iranian business meeting in Baku. The meeting, organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO), was attended by more than 80 local and Iranian businessmen. Azerbaijani deputy minister said that Azerbaijan…

Azerbaijan: Chinese companies invited to intensify co-op

Azerbaijan invites Chinese companies to intensify cooperation with local businesses, in particular, in industrial sphere, Chinese media reported citing Azerbaijan’s Deputy Economy Minister Niyazi Safarov. Safarov made the remarks at a session of the Azerbaijan-China Intergovernmental Commission on Trade and Economic Cooperation. Safarov said that Chinese companies participated in Azerbaijan’s 12 projects worth over $640…

Azerbaijan to transport gas from Iran and Iraq to Europe

Azerbaijan is considering the possibility of transporting Iranian gas through its territory to Europe, said Azerbaijan’s Deputy Energy Minister Natig Abbasov. He noted that it would become possible through Iran’s joining the Trans-Anatolian Natural Gas Pipeline (TANAP) project. Abbasov didn’t exclude possibility of transporting Iraqi gas through Azerbaijan to Europe. TANAP project envisages transportation of…

Azerbaijan: wheat imports down in H1 2016

In January-June the import volumes of wheat to Azerbaijan totaled 682.8 thousand tons, down by 14.7% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics figures, the total cost of imported wheat to the country reached $129.13 (down by 31.1%). In the reporting period Azerbaijan imported 71.4 thousand tons…

Moldova interested in cooperation with Azerbaijan

Moldova is interested in participation of Azerbaijani companies in development of hydrocarbon resources, Ambassador of the Republic of Moldova to Azerbaijan Gheorghe Leuca said. Leuca has met with the Caspian Energy’s delegation headed by the President and Editor-in-Chief of Caspian Energy International Media Group Natalya Aliyeva. Speaking about the energy sector of Moldova, the ambassador…

Azerbaijan mulling cargo tariffs reduction with Kazakhstan and Georgia

Heads of railway administrations of Kazakhstan, Azerbaijan and Georgia have discussed mutually beneficial cooperation and creation of favorable conditions for cargo transportation with cargo shippers, major operators and freight companies of Kazakhstan in Astana, the press service of Kazakhstan Railways JSC reported. In particular, the sides talked about the reduction of tariffs for transportation of…

Azerbaijan: ADB approves of multi-million loan

The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website. According to the message, the first three tranches of the multi-tranche financing facility (MFF) financed construction of water networks in Goychay, Agdash…

Azerbaijan: Paypal one step closer to full work

PayPal is preparing to receive accreditation in Azerbaijan, a source in the country’s e-payment systems market reported. PayPal has already selected the bank that will represent its interests in Azerbaijan, according to the source. The bank’s name was not revealed. “The issue of PayPal’s accreditation is currently the subject of discussion of the sides: after…