Business & Economics
AICC Caspian 2025 Concludes Successfully, Reinforcing the Caspian Region’s Commitment to Asset Integrity, Corrosion and Coatings
Baku, Azerbaijan – 2025 – AICC Caspian 2025 – Asset Integrity, Corrosion and Coatings Showcase and Conference, hosted by SOCAR, concluded successfully after three impactful days, welcoming 500+ industry professionals from across the Caspian region and international markets. The event
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The Arctic Crucible: U.S. Strategy, Danish Sovereignty, and Greenland’s Future
By Dr. Carsten Sander Christensen The Arctic, long considered a frozen and peripheral frontier, is undergoing a transformation so rapidly it is redrawing the maps of geopolitics, economics, and climate security. At the epicenter of this transformation lies Greenland—the world’s
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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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