Edition:
United Kingdom

Nailia Bagirova

Azeri gas for Europe from Shah Deniz II delayed to Oct 2020-TANAP head

01 Nov 2019

BAKU, Nov 1 Gas from Azerbaijan's giant Shah Deniz field is not expected to reach Europe before October 2020 due to delays in finishing the TAP pipeline in Italy, the head of the Trans-Anatolian Natural Gas Pipeline (TANAP) consortium told Reuters.

International Bank of Azerbaijan completes recovery, sets up investment company

28 Oct 2019

BAKU, Oct 28 The state-run International Bank of Azerbaijan (IBA) has completed its recovery, plans to set up its own investment company and is preparing for its planned privatisation, the bank's management board chairman told Reuters.

Azeri leader dismisses head of administration in deepening shake-up

23 Oct 2019

BAKU Azerbaijan's president dismissed the influential head of his presidential administration on Wednesday, part of a reshuffle since he criticized the pace of economic reforms in the oil- and gas- producing country.

Azeri leader dismisses head of administration in deepening shake-up

23 Oct 2019

BAKU, Oct 23 Azerbaijan's president dismissed the influential head of his presidential administration on Wednesday, part of a reshuffle since he criticised the pace of economic reforms in the oil- and gas- producing country.

Azeri leader slams government for frequent economic forecast changes

17 Oct 2019

BAKU Azerbaijan's president criticized the government for changing economic forecasts frequently and obstructing reforms, state media said on Thursday, in rare open criticism of authorities as they seek to boost growth and improve the business environment.

Azerbaijan targets petrochemicals in push to reduce reliance on oil and gas

06 Aug 2019

* Expects $2 bln in 2019 non-oil exports, up from $1.7 bln in 2018

UPDATE 1-Azeri SOCAR says net profit fell to $706 million in 2018

04 Jun 2019

BAKU, June 4 Azeri state energy company SOCAR said on Tuesday its net profit fell to 1.2 billion manats ($706 million) in 2018 from 2.1 billion manats a year earlier, while operating profit rose to 3.6 billion manats from 2.5 billion.

Azerbaijan's SOCAR plans IPO of Turkish subsidiary in 2021 - official

31 May 2019

BAKU Azerbaijan's state energy company SOCAR plans to list its Turkish subsidiary on the London, Hong Kong and Istanbul stock exchanges in 2021, a SOCAR official said.

Azerbaijan to import 110,000 T of petrol in Oct due to refinery maintenance

23 May 2019

BAKU, May 23 Azerbaijan's only oil refinery plans to import 110,000 tonnes of A-92 petrol in October while it halts production for a month for routine maintenance, state energy company SOCAR's vice president told Reuters on Thursday.

BP, SOCAR sign deal to build new Azeri oil exploration platform

19 Apr 2019

BAKU Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement.

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