Industry

Azerbaijani oil prices decline

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta totaled $88.91 per barrel on January 27, 2023, decreasing by $1.03 compared to the previous price, Trend reports referring to the source from the country’s oil and gas market.   The price of Azeri LT FOB Ceyhan amounted to $86.85 per barrel, down by $1 as […]

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, has 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 […]

Industry

Weekly review of Azerbaijan’s oil market

BAKU, Azerbaijan, Azerbaijani oil prices have fluctuated this week, Trend reports.   The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Gunashli (ACG) field, equaled $90.06 per barrel, down by 22 cents (0.24 percent) compared to the previous price.   The maximum price for Azeri Light CIF oil amounted to $92.11 per barrel, […]

Miscellaneous

Azerbaijan approves amendments to mobile device registration rules

BAKU, Azerbaijan, President of the Republic of Azerbaijan Ilham Aliyev has signed a Law amending the Telecommunications Law, Trend reports.   Following the amendments, the mobile device registration should be carried out in the manner prescribed by the relevant executive authority. In order to prevent avoiding mobile device registration, it’s prohibited to change or copy […]

Industry

Azerbaijan establishes fines for changing mobile device’s IMEI number to prevent avoiding its registration

BAKU, Azerbaijan, Azerbaijan has established fines for changing or copying the mobile device’s IMEI number (International Mobile Equipment Identity) in order to prevent avoiding mobile device registration, Trend reports.   In this regard, President of Azerbaijan Ilham Aliyev approved changes to the Administrative Offenses Code.   According to the law, individuals will be fined from […]