Business & Economics
Azerbaijan’s Foreign Trade Surplus Down 20% in Jan-Sept
Azerbaijan’s foreign trade surplus amounted to $5.6 billion in January-September 2025, down 20.1% year-on-year, according to materials on the balance of payments on the Central Bank of Azerbaijan’s (CBA) website. According to the regulator’s data, the country’s foreign trade turnover
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Azerbaijan Sets Wheels in Motion for Largest Battery Energy Storage in Region
The largest battery-based energy storage centers in the CIS will be commissioned in the Absheron and Aghdash regions in the coming months, Trend reports, citing Azerenergy OJSC. Azerenergy is rapidly progressing with the creation of large-scale battery-based energy storage systems for the
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Azerbaijan Eyes Supplying Oil to Armenia in ‘Unprecedented’ Move
Georgia will provide a one-time transit of oil from Azerbaijan to Armenia free of charge, the Georgian Ministry of Economy and Sustainable Development said. “The Georgian government has received a request from partner countries for a one-time transit of fuel
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OPEC+ Ministers, Eight OPEC+ Countries Confirm Earlier Decisions on Production for Q1 2026
The ministers of OPEC+ countries confirmed previously made decisions on oil production levels in 2026 at a virtual meeting on Sunday, meaning current production quotas will be in effect for the whole year, OPEC said in a press release. The
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Azerbaijan, Russian Railways Sign Agreement on Exchanging E-data
Azerbaijan Railways (AZD) and Russian Railways (RZD) have signed an agreement on the bilateral exchange of e-data, AZD said. The respective parties signed the document on Wednesday in Baku following a meeting between AZD CEO Rovshan Rustamov and RZD CEO
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AlHuda CIBE Facilitates ARC o Establish ReTakaful Facility
Groundbreaking Sharia-compliant reinsurance initiative launched to advance climate resilience and inclusive finance in ARC member states. AlHuda CIBE has successfully facilitated the ARC to establish WAQF ReTakaful Facility, a groundbreaking Sharia-compliant, non-profit mutual structure established by the African Risk Capacity
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Turkey’s Cengiz Holding Not Backing Out of Plans to Purchase Lukoil Refinery in Bulgaria with SOCAR
Turkey’s Cengiz Holding has no intentions to withdraw from plans to purchase the Lukoil Neftohim Burgas oil refinery in Bulgaria from Lukoil jointly with the State Oil Company of the Azerbaijani Republic (SOCAR), Turkish publication Patronlar Dunyası reported. The publication
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XRG to Acquire Stake in Southern Gas Corridor CJSC, Expanding Caspian Footprint
ABU DHABI, 3rd November, 2025 (WAM) — XRG, the international energy investment platform launched by ADNOC in November 2024, has announced it has signed non-binding Heads of Terms to acquire a stake in Southern Gas Corridor CJSC (SGC) from the
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President Ilham Aliyev: Azerbaijan Lifts All Restrictions On Transit Of Goods To Armenia
Azerbaijan has lifted all restrictions on the transit of goods to Armenia that had been in place since the occupation, said President of Azerbaijan Ilham Aliyev during a joint press statement with President of Kazakhstan Kassym-Jomart Tokayev. “I should also
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Turkic Bridge: Azerbaijan Driving Transport And Energy Integration
By Laman Zeynalova – Trend News Agency 12th Summit of the Council of Heads of State of the Organization of Turkic States (OTS), held in Gabala, Azerbaijan, highlighted the growing importance of the organization on the regional stage and underscored
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