The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $73.11 per barrel last week, having risen by $1.58 (2.2 percent) compared to the previous price, Trend reports. Last week, the maximum price for Azeri Light CIF oil amounted to $73.98 per barrel, while the
The prices of precious metals lowered in Azerbaijan on June 14 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA). The price of gold decreased by 64.2855 manat or $37.81 (1.99 percent) and made up 3,165.5275 manat or $1,862.07 per ounce. The
The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on June 14, 2021, Trend reports referring to a source in the CBA. According to the source, the demand from banks at the auction decreased by 1 percent compared
In accordance with the new reality that has emerged after the liberation of Azerbaijani territories from Armenian occupation, the Zangezur corridor, which connects the main part of Azerbaijan with the Nakhchivan Autonomous Republic, will increase the region’s transit and logistics potential, Minister of Economy of Azerbaijan Mikayil Jabbarov wrote on
The trade turnover between Russia’s Ulyanovsk region and Turkmenistan amounted to $3.3 million in 2020, the press service of the governor and the government of the Ulyanovsk region told Trend. The import of cotton amounted to $1.2 million, the report said. “In 2019, the trade turnover amounted to $403,700, including exports
BRUSSELS – The 30 member states of NATO ended their Monday summit in Brussels, reaffirming the military alliance with a strong statement against Russia and to a lesser degree, China. Both countries were called out as “challenges to the rules-based international order.” In the final communique, leaders agreed to “open a
BRUSSELS – Joe Biden took his ‘America is Back’ message to Brussels, reaffirming the United States’ commitment to the North Atlantic Treaty Organization, in his first NATO summit as U.S. president Monday. “I just want all of Europe to know that the United States is there. The United States is
Baku Higher Oil School (BHOS) hosted a graduation ceremony for students of M7 and M8 groups of the School of Project Management (SPM), a joint initiative of BHOS and the British company TwentyEighty Strategy Execution (STRATEX). This time, about 30 specialists from more than 14 organizations and companies graduated
On June 10, with an organizational support of the Ministry of Economy and the Sumgait Chemical Industrial Park LLC an event on the theme “University-Industrial cooperation: the experience of the OSTIM Technical University” was held. Representatives of the relevant state structures of Azerbaijan and Turkey, residents of the Sumgait Chemical
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