Industry

Azerbaijani oil prices increase

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.73 on Jan. 5 compared to the previous price, settling at $84.22 per barrel, Trend reports on Jan. 6 referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan on Jan. 5 amounted […]

Miscellaneous

Azerbaijan sets maximum allowed prices for flour and bread

Azerbaijan has set the maximum allowed local prices on flour and bread, Trend reports with reference to the State Service for Antimonopoly Control and Supervision of the Consumer Market under the Azerbaijani Ministry of Economy. The State Service for Antimonopoly Control and Supervision of the Consumer Market held negotiations with several big importers of milling wheat, as […]

Industry

Azerbaijan’s Central Bank talks results of foreign currency auction

The Central Bank of Azerbaijan (CBA) held a foreign currency auction with the participation of the State Oil Fund (SOFAZ) on Jan. 6, 2022, Trend reports via the CBA. According to the CBA, the demand of local banks for foreign currency amounted to $114.1 million and was fully met. At the end of the auction, the weighted […]

Industry

SOCAR talks on oil supplies from Kazakhstan via BTC

Oil supplies from Kazakhstan via Baku-Tbilisi-Ceyhan (BTC) are ongoing at the moment, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR told Trend. “On average, around 100,000 tons of oil is transported from Kazakhstan via BTC per year,” he said. The Baku-Tbilisi-Ceyhan oil export pipeline, operated by bp, earlier achieved a significant […]

Governance

Russian, Turkish FMs support efforts to restore сonstitutional order in Kazakhstan

A phone talk was held between Russia’s Foreign Minister Sergey Lavrov and his Turkish counterpart Mevlut Cavusoglu on Jan. 6, Foreign Ministry of the country said, Trend reports via TASS. During the talk, Lavrov and Cavusoglu expressed their support to the efforts of Kazakhstan’s leadership to restore constitutional order in the country. The Russian minister informed about […]