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…
Some 404.1 million tons of oil and 123 billion cubic meters of associated gas have been produced at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea since November 1997, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said. He said that the…
Two Russian carriers have received a permission to operate flights to Azerbaijan on two routes from the new Zhukovsky International Airport in Moscow, said the website of Russian Federal Air Transport Agency (Rosaviatsia). The protocol of the interdepartmental commission on the admission of carriers to perform international transportation, posted on the website of Rosaviatsia said…
Azerbaijan will import 4,000 tons of AI-92 gasoline in the coming days, the country’s state oil company SOCAR said in a message posted on its website. The message said the Azerbaijani Cabinet of Ministers’ decree on canceling the customs duty on the gasoline import was made on the basis of SOCAR’s appeal in connection with…
Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119.779 billion from 2001 to August 1, 2016. SOFAZ said its revenues from the project totaled $2.77 billion in January-July. Out of this, $465 million accounted for July. A contract…
Customs duty on AI-92 gasoline import has been cancelled in Azerbaijan for a period of 60 days, the country’s Cabinet of Ministers said. Earlier, the customs duty was 15%, but zero interest rate is in effect since August 16. Customs duty on the import of other kinds of gasoline is 15%. Moreover, the excise rate…
The Asian Development Bank (ADB) will consider the possibility of allocating a $200 million loan for implementation of the International North-South Transportation Corridor (INSTC) project, said an ADB message on its website. An ADB mission will stay in Azerbaijan from November 14 to November 25, in order to gather information about the project, according to…