First auctions within the framework of the new state property privatization program in Azerbaijan will be held on September 14 and September 20, the country’s State Property Issues Committee said. “The main innovation is that potential investors, representatives of the press and the public will be able to watch the auction live”, said the message.…
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…
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…
Some 74 billion cubic meters (bcm) of gas and 19 million tons of condensate have been extracted since the beginning of operation at the Azerbaijani Shah Deniz gas condensate field, Khoshbakht Yusifzade, first vice president of Azerbaijan’s state oil company (SOCAR), said. He added that the reserves of the Shah Deniz field were estimated at…
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…
In H1 2016, 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 BP report on the…
The 4th session of the Azerbaijan-Bulgaria Intergovernmental Commission on Trade and Economic, Scientific and Technical Cooperation is planned to be held in September in Baku. An exchange of views on strengthening cooperation between the two countries, as well as on the implementation of joint projects will be held during the session. A key aspect of…