Day: November 27, 2022

Time comes for Azerbaijani gas to lead European energy market

BAKU, Azerbaijan, The need for Azerbaijani gas in Europe, where there is currently an acute energy crisis, is growing rapidly, Trend reports.   As President of Azerbaijan Ilham Aliyev said on November 25 at the international conference under the motto “Along the Middle Corridor: Geopolitics, Security and Economics”, after the

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Iranian currency rates for November 27

BAKU, Azerbaijan, The Central Bank of Iran (CBI) announced an official rate of foreign currencies on November 27, Trend reports referring to CBI.   According to the currency exchange rate of the Central Bank of Iran, 22 currencies increased and 12 have decreased in price, compared to November 26.  

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MOL Group boosts capex on dev’t of Azeri-Chirag-Gunashli

BAKU, Azerbaijan, Hungarian MOL Group’s capital expenditure (capex) on development of Azeri-Chirag-Gunashli (ACG) block of oil fields in the Azerbaijani section of the Caspian Sea stood at $38.7 million in the third quarter of 2022, as compared to $37.4 million in the same period in 2021, Trend reports with reference

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Azerbaijan to expand co-op with Vietnam in oil industry, renewables

BAKU, Azerbaijan, The discussions on the expansion of the cooperation with Vietnamese companies in the fields of oil refining and renewable energy were held during the meeting of Azerbaijan’s Minister of Energy, Parviz Shahbazov, with the delegation led by Deputy Chairman of the Foreign Relations Commission of the Communist Party

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Weekly review of Azerbaijan’s precious metals market

BAKU, Azerbaijan, An ounce of gold in Azerbaijan has increased by 21.9 manat (0.74 percent) last week, Trend reports.   The average price of one ounce of gold decreased by 30.6 manat (1.02 percent) in comparison with the previous week, and totaled 2,971.345 manat. The price of an ounce of

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Interconnector Greece-Bulgaria set to create new market opportunities

BAKU, Azerbaijan, The Interconnector Greece-Bulgaria (IGB) is set to create new market opportunities and will enhance international partnerships in the South-East Europe, Trend reports citing the China-CEE Institute.   The Institute’s report says that as part of the development of the Southern Gas Corridor, through IGB Bulgaria and its neighboring

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