BAKU, Azerbaijan, The price of Azeri LT CIF Augusta decreased by $1.76 on December 7 compared to the previous price, amounting to $80.33 per barrel, Trend reports referring to the source from the country’s oil and gas market.   The price of Azeri LT FOB Ceyhan amounted to $77.45 per

BAKU, Azerbaijan, The European Union (EU) allocated 2 billion euros to Azerbaijan as part of the economic investment plan, the Delegation of the European Union in Baku told Trend.   Such priority investments will contribute to the government’s efforts to diversify the Azerbaijani economy further, create decent jobs across the

BAKU, Azerbaijan, A total of 75.8 million manat ($44.6 million) of revenues was collected by Azerbaijan’s YASHAT Foundation (established to create a transparent, effective and accessible platform to support disabled military servicemen and families of martyrs who protected the territorial integrity of the country), the foundation’s head Elvin Huseynov said

BAKU, Azerbaijan, The Central Bank of Azerbaijan (CBA) held a regular foreign exchange auction involving the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on December 8, Trend reports via the Central Bank.   According to the bank, the demand in the auction amounted to $61.3 million and was

BAKU, Azerbaijan, About 8 to 10 Kazakh oil tankers are unable to pass through Bosporus and Dardanelles straits, however, the situation does not pose significant risks, Magzum Myrzagaliev, Chairman of the Board of Kazakhstan’s KazMunayGas JSC said, Trend reports, citing Kazakh media.   Myrzagaliev said that the reason for the

BAKU, Azerbaijan, A total of over 1.04 million manat ($610,000) was donated by Azerbaijanis living abroad to Azerbaijan’s YASHAT Foundation, the foundation’s head Elvin Huseynov said on December 8 at a press conference on the two-year activities of the foundation in Baku, Trend reports.   According to Huseynov, this amount