Dispelling Misconceptions: Why BRI is not a jerry-built project

The Belt and Road Initiative (BRI) has been a transformative global project since it was proposed in 2013.

Moldova set to buy gas from Azerbaijan via Romania

“Moldova intends to buy gas from Azerbaijan via Romania under a contract signed between SOCAR and Romgaz SA,” Speaker of the Parliament of Moldova Igor Grosu told TVR channel.

AZAL to announce start of sales of 10,000 tickets for 29 euros

Within the framework of the summer schedule for 2023 (from March 26 to October 29), "Azerbaijan Airlines" CJSC announces the sale of tickets for 29 euros to 9 destinations.

Oil prices on world markets

London ICE (InterContinental Exchange Futures) has seen some changes.

What are the prospects for transporting Turkmen gas to Europe through Azerbaijan

Despite the obvious commercial and strategic advantages of Turkmen gas reaching Europe via Azerbaijan and the Southern Gas Corridor, I think the likelihood of this happening is fairly low.

Total ACG production for first three quarters amounted to 15 million tonnes, bp Azerbaijan

“During the third quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the first three quarters was on average about 418,000 barrels per day (b/d) (about 114 million barrels or 15 million tonnes in total) from the Chirag (25,000 b/d), Central Azeri (105,000 b/d), West Azeri (108,000 b/d), East Azeri (63,000 b/d), Deepwater Gunashli (77,000 b/d) and West Chirag (40,000 b/d) platforms,” bp Azerbaijan told Baku Tribune.

Stephen O'Sullivan: Сutting off all Russian gas supplies to Europe there would be consequences to both sides

An interview to Baku Tribune was given by Stephen O'Sullivan, a senior visiting research fellow at the Oxford Institute for Energy Studies.

Azerbaijan, Pakistan to facilitate product transit at customs

Azerbaijan and Pakistan are working on signing the Transit Trade Agreement, Pakistan's ambassador to Azerbaijan, Bilal Hayee, told Report.

Nord Stream repair may take at least six months, says lawmaker

Repairing the ruptures that occurred on the lines of the Nord Stream 1 and Nord Stream 2 gas pipelines may take more than six months, Pavel Zavalny, who heads the State Duma’s (lower house) Committee on Energy, believes.

Azeri Light crude sells for $110.52

Azerbaijani oil price has decreased on the world markets.

Mikayil Jabbarov: Revenues from private section of non-oil sector increased by 44.9%

“In January-February 2022, revenues from the private section of the non-oil sector increased by 44.9% and amounted to 1,076.7 mln manats,” said Azerbaijan`s Minister of Economy Mikayil Jabbarov.

Azerbaijan produces 580,900 barrels of crude oil per day in January

In January 2022, daily oil production (including condensate) in Azerbaijan amounted to 700,500 barrels, including 580,900 barrels' crude oil and 119,600 barrels' condensate, the Ministry of Energy told AZERTAC.

Azerbaijan sharply increased gas export last year

35 108,8 million cubic meters of gas were transported via main gas pipelines in Azerbaijan last year, which is 18,6% more in annual comparison, the State Statistics Committee told APA-Economics.

Azerbaijan's economy grew by more than 7% in the 4Q of last year

Azerbaijani economy grew by 5.6% in real terms in 2021, according to the preliminary data, Baku Tribune reports.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Wall Street closes higher despite disappointing data

Markets on Wall Street closed higher on Friday as investors digested economic data reports that showed consumer sentiment in the United States hit a 10-year low this month, while September job openings remained unchanged from the previous month. Stocks still posted weekly losses as concerns about high inflation following the latest consumer price index report continued to affect sentiment.

Azerbaijan's strategic currency reserves sharply increased over the last 5 years

Azerbaijan's strategic currency reserves have increased by USD 12.8 bln. or 34.5% over the last 5 years (2016-2021), APA-Economics reports citing report of State Oil Fund of the Republic of Azerbaijan (SOFAZ) on 2020.

Asian stocks dip after China's CPI data

Shares in the Asia-Pacific region traded with losses on Wednesday after China's National Bureau of Statistics revealed that the consumer price index (CPI) in the country advanced 1.5% on an annual level.

UK house prices jump 8.1% in October

House prices in the United Kingdom increased by 8.1% in October compared to the same month in 2020, according to Halifax's monthly House Price Index report published on Friday. The figure came in above estimates.

Lufthansa's revenue in Q3 up 96% to reach €5.21B

Deutsche Lufthansa AG reported on Wednesday that its total revenue in the third fiscal quarter of 2020 landed at €5.21 billion, missing estimates although landing 96% higher than in the same period the previous year. The company's operating expenses in the same period grew by 32% year-over-year to stand at €5.65 billion.