AZERBAIJAN

Military Spending: How Azerbaijan Surpassed Armenia

By
Мартин Армстронг

Three years after the last war between Armenia and Azerbaijan, the Armenian-majority separatist region of Nagorno-Karabakh has suffered new Azeri strikes. Baku says its intention was to target military infrastructure as part of an “anti-terrorist operation” and to spare civilians, but observers on the ground have reported a heavy human toll: At least 32 civilian deaths in the space of 24 hours. This Wednesday, the authorities of Nagorno-Karabakh accepted a ceasefire with Azerbaijan, after mediation by Russian peacekeeping forces.

Transshipment of metal products via Baku Port almost doubles, thanks to Kazakhstan

By
KAMRAN GASIMOV

Some 245,000 tons of non-ferrous metal products were transshipped through Baku Port from January through July 2023, which is 85 percent higher year-on-year, Trend reports.

According to the port's data, the bulk of metal products (aluminum, zinc, cathode copper) was received by the Port from Kazakhstan.

The total volume of transported non-ferrous metal products for the same period last year exceeded 132,000 tons.

Greece bolsters gas imports from Azerbaijan – EU shares latest data

By
LAMAN ZEYNALOVA

Greece has significantly increased its gas imports from Azerbaijan, Eurostat, the statistical office of the European Union, told Trend.

June saw a notable surge in imports, with 174.6 million cubic meters received, compared to 163 million cubic meters in May, marking a 7.1 percent month-on-month increase.

Greece imported a total of 1.020 billion cubic meters of gas from Azerbaijan between January and June 2023.

“DeGolyer and MacNoughton” starts counting Caspian deposits according to new ckassification

By
KAMRAN GASIMOV

Within the framework of cooperation between SOCAR and "DeGolyer and MacNaughton", work on counting 27 fields according to SPE-PRMS classification in the Azerbaijani sector of the Caspian Sea has started, Trend reports.

According to the State Oil Company of Azerbaijan Republic (SOCAR), a meeting was held between SOCAR President Rovshan Najaf and Chairman and CEO of DeGolyer and MacNaughton John W. Wallace.

Azerbaijan, UK sign memorandum on livestock development

By
KAMRAN GASIMOV

Azerbaijan's Azersheker company and English Genus ABS Global company have signed a memorandum of understanding on cooperation, Trend reports.

According to the Agency for Development of Economic Zones of Azerbaijan, the memorandum aims to develop the livestock industry in Azerbaijan, create dairy and meat farms with competitiveness and export potential.

AzerTelecom and Kazakhtelecom established a joint venture within the Trans-Caspian Fiber Optic project

By
BLACKSEA-CASPIA

AzerTelecom and Kazakhtelecom leading telecommunication operators of Azerbaijan and Kazakhstan continue joint efforts in implementing the Trans-Caspian Fiber Optic cable line, which is one of the major components of mega Digital Silk Way project.

Energy cooperation between Hungary and Azerbaijan is entering new dimension – minister

By
MARYANA AHMADOVA

Energy cooperation between Hungary and Azerbaijan is entering new dimension, Minister of Foreign Affairs and Foreign Economic Relations of Hungary Peter Szijjarto said, Trend reports.

He stressed that there is a political will to bring gas supplies from Azerbaijan to Hungary to 1 billion cubic meters.(

Azerbaijan tripled the export of natural gas to Bulgaria in the first half of 2023

By
BLACKSEA-CASPIA

In January-June 2023, the export of customs-declared volumes of natural gas from Azerbaijan amounted to 10,956,188.04 thousand cubic meters, which is 3.6% less than a year earlier, despite a tripling of the supply volume for Bulgaria, announced the State Customs Committee of the country (SCC).

Revenues from the export of declared gas from Azerbaijan amounted to 8,029,188.03 thousand US dollars (7.9% growth).

Azerbaijan resolute about Trans-Caspian gas project – Turkmenistan should seize exceptional opportunity

By
MARYANA AHMADOVA

Azerbaijan has consistently shown its willingness to boost gas supplies and provide assistance to Europe during times of crisis. Through President Ilham Aliyev's well-defined energy strategy, the country has established itself as a dependable and trustworthy energy partner for Europe. The EU countries are progressively reinforcing their energy alliances with Azerbaijan and actively endorsing all related initiatives.

A road map for the development of the Trans-Caspian International Transport Route (TITR) will be signed

By
SADRADDIN AGDJAEV

The Minister of Industry and Infrastructure Development of Kazakhstan, Marat Karabayev, introduced to the Minister of Transport and Digital Development of Azerbaijan, Rashad Nabiyev, the draft road map for the development of the Trans-Caspian International Transport Route (TITR), which is planned to be signed by its participants.