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Azerbaijani oil prices for last week

28 January 2013

Last week, the average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was $115.9 per barrel or $2.17 per barrel more than the previous week.


Nabucco, Shah Deniz partners sign two agreements

18 January 2013

Nabucco consortium and the partners on the Azerbaijani Shah Deniz gas condensate field's development (SOCAR, BP, Statoil and Total) signed Cooperation Agreement, as well as Equity Option and Funding Agreement.


2015 Baku European Olympic Games

18 January 2013

Azerbaijani President Ilham Aliyev has signed an executive order on establishing the Organizing Committee for the first European Olympic Games to be held in Baku in 2015.


Azerbaijan Airlines awaits resolution of Boeing 787 Dreamliner problems

17 January 2013

Azerbaijan Airlines (AZAL) will await a final decision on the 787 Dreamliner aircraft, produced by Boeing, a source in AZAL told Trend today.


Azerbaijan's GDP growth hit 2.2%

16 January 2013

In 2012, just as in the previous year, GDP growth in Azerbaijan was entirely provided by the non-oil sector and was at 2.2 percent.




Grand Philharmonic Hall to appear in Ganja

14 January 2013

A Modern Philharmonic Hall is under construction in the Ganja city of Azerbaijan.



Azerbaijani artist to hold exhibition in UK

13 January 2013

Gazelli Art House is delighted to announce the first UK solo show of works by acclaimed Azeri artist Niyaz Najafov. The "Dancing on bones" exhibition will be opened on January 18 to March 7.



Nabucco, Shah Deniz partners reach Equity Option and Funding Agreement

10 January 2013

Nabucco gas pipeline project's shareholders, Nabucco Gas Pipeline International Gmbh (NIC) and the partners on Azerbaijani Shah Deniz gas condensate field development and Nabucco project's potential investors (SOCAR, BP, Statoil and Total), have reached Equity Option and Funding Agreement.


European Union to implement new projects in Azerbaijan

European Union to implement new projects in Azerbaijan

8 January 2013

The European Union Delegation to the Republic of Azerbaijan launched a Call for proposals under the 2012 European Instrument for Human Rights and Democracy and Neighborhood Civil Society Facility.



Azerbaijani State Oil Fund budget approved for 2013

Azerbaijani State Oil Fund budget approved for 2013

2 January 2013

Azerbaijani President Ilham Aliyev has approved the budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2013.



SOFAZ acquires property in Paris

20 December 2012

The State Oil Fund of Azerbaijan (SOFAZ) acquired €135 million property (offers office, retail and residential space) at 8 Place Vendôme in Paris.


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