OPEC’s most senior official will discuss the possible participation of Russia in an OPEC production cut, officials in the group said, as the cartel sought to bolster a landmark deal in Algiers. The Organization of the Petroleum Exporting Countries agreed to cut between 200,000 barrels a day and 700,000 barrels a day of their output…
The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations. “The discussions are still at a very early stage, but if market participants agree and adopt a certain decision, then international financial organizations can…
Mechanisms to support the export of Azerbaijani products will apply only to goods produced in the non-oil sector, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov reported. However, the entrepreneurs, who can benefit from these mechanisms, will face no restrictions. “Export process is quite difficult. First of all, entrepreneurs should have…
Customs duties on the export of hides will be introduced in Azerbaijan for 5 years, according to the decision of the country’s Cabinet of Ministers published in the Azerbaijani official press. The changes, in particular, will affect the export of cattle hides, raw hides of sheep and lambs, including fresh, salted or dried hides. In…
Azerbaijan’s Energy Minister Natig Aliyev will take part in an informal meeting of the OPEC member states and non-members of the organization within the framework of the 23rd World Energy Congress in Istanbul, Azerbaijan’s Energy Ministry reported. The OPEC Secretary General Mohammad Sanusi Barkindo sent the invitation to Azerbaijan’s energy minister to participate in the…
Bakcell, the first mobile operator and leading mobile internet provider of Azerbaijan, is pleased to announce the start of a new campaign in cooperation with the sole national postal operator of the country – Azerpost LLC, within the frames of the Ulduzum loyalty program. Within the frames of this campaign, any person, who transfers money…
OPEC members will meet next week for talks on implementing an output cut deal, with Russia joining to discuss how producers from outside the group can participate in the plan, according to Venezuela’s oil minister. Ministers from OPEC members Saudi Arabia, Algeria, Gabon, Qatar and the United Arab Emirates will attend the meeting in Istanbul,…