Industry

UNIDO eyes assisting Azerbaijani business in digital transformation, entering new markets

BAKU, Azerbaijan, The UN Industrial Development Organization (UNIDO) is ready to support Azerbaijan in the implementation of the initiatives and projects with a priority on the application of Fourth Industrial Revolution (4IR) technologies in the national economy, the source at UNIDO told Trend.   According to UNIDO, a project on the development of an innovation […]

Industry

IEA reveals two scenarios for Azerbaijan’s natural gas output

BAKU, Azerbaijan, November 20​. In STEPS scenario of the International Energy Agency (IEA), Azerbaijan is set to produce 35 billion cubic meters of natural gas in 2030, Trend reports with reference to IEA.   In 2050, the output is forecast at 24 billion cubic meters in the same scenario.   APS scenario suggests 35 billion […]

Industry

Weekly review of Azerbaijan’s oil prices

BAKU, Azerbaijan, The price of oil decreased this week, Trend reports.   The average price for the Azeri Light CIF crude oil, which is extracted from the Azeri–Chirag–Gunashli field, decreased by $4.48 (4.54 percent) in comparison to the previous week’s rate, and compiled at $94.12 per barrel.   The highest oil price during the accounting […]

Industry

Weekly review of Azerbaijan’s foreign exchange market

BAKU, Azerbaijan, The official exchange rate of the Azerbaijani manat against the US dollar, set by the Central Bank of Azerbaijan Republic (CBA), remained unchanged this week, Trend reports. The average weighted rate based on the results of the week was 1.7 AZN/1 USD. The official exchange rate of the manat against the euro has […]

Industry

Weekly review of Azerbaijan’s precious metals market

BAKU, Azerbaijan, An ounce of gold in Azerbaijan has increased by 2.2 manat (0.08 percent) last week, Trend reports.   The average price of one ounce of gold amounted to 3,001.95 manat, increased by 108.822 manat (3.76 percent) compared to the preceding week. The price of an ounce of silver decreased by 0.675 manat (1.85 […]