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In the first quarter, 6.6 million tons of oil and 12.6 bcm of natural gas were produced

... and 0.1 million tons from the Absheron field. Oil production (including condensate) by SOCAR amounted to 1.7 million tons. During this period, 5.2 million tons of oil (including condensate) were exPorted. Of the total exPorts, 4.8 million tons accounted for consortiums, 0.3 million tons for SOCAR, and 0.1 million tons for JOCAP. It should be ...

Historic milestone: PASHA Bank IPO subscription opens!

... ilestone in the Bank's strategic development. "As a financial institution committed to transparency, sustainability, and long-term value creation, we consider this step strategically imPortant. Through this decision, we aim to share with a broader investor base the value we have built over the years together with our customers and pa ...

“Ideal conditions have been created here for all types of gymnastics”

... and during this time we are trying to make the most of the conditions created here. As you know, the Rhythmic Gymnastics World Cup will be held in Baku in the coming days, and preparation for this imPortant competition is of special significance for us. That is why we decided to arrive a bit earlier from Brazil to speed up the adaptation process a ...

AERA and Azer-Turk Bank OJSC sign cooperation agreement

... el Nabiyeva provided information about Azer-Turk Bank OJSC, noting the bank’s interest in financing projects related to the development of the non-oil sector. She reiterated the bank’s supPort for providing preferential loans from the Fund for energy efficiency projects and expressed her satisfaction with the cooperation in this field. ...

Karabakh Revival Fund among Azerbaijan’s 100 largest taxpayers

... ct taxes (VAT and excise duties), and 74th in terms of the total amount of taxes paid. KRF’s position reflects the returns generated through the responsible management of funds donated to supPort the Fund’s mission. The income earned by the Fund through effective investment activity not only provides additional financial resources ...

Information session for schoolchildren at BSU

... ternational rankings, and the success of its students both locally and internationally. The guests were also informed about the memorandums signed between BSU and international universities and the opPortunities offered by dual degree programs. ...

BSU Alumni Society Holds Fifth Seminar

... ku State University (BSU) Alumni Society focused on the foundations of Azerbaijani identity and was chaired by Associate Professor Orkhan Valiyev. BSU Vice-Rector Shahin Panakhov highlighted the imPortant role of alumni in the country’s public life and stressed the relevance of studying national identity in the modern era. In his presen ...

BSU Hosts Training on Reimagine Education Competition

... Ilyasov, Assistant to the Rector of BSU. Participants received information about the Reimagine Education program, which promotes innovation and technology in education, as well as its key areas and opPortunities. Drawing on last year’s experience, the speaker highlighted achieved results and shared insights into the evaluation criteria and ...

64 permits were issued by Ministry of Energy in the first quarter

... During the first quarter of 2026, 64 permits were issued by the Ministry of Energy. According to the Law of the Republic of Azerbaijan on ExPort Control, the Ministry of Energy has issued 3 permits for the exPort goods (works, services, and results of intellectual activity) that are subject to exPort control, 55 for imPort and 4 for transit. ...

TuranBank Partners with Switzerland’s responsAbility Investments AG

... TuranBank OJSC, one of the leading financial institutions supPorting the development of the real sector in Azerbaijan, has signed a new cooperation agreement with Swiss impact asset manager responsAbility Investments AG as part of its strategy to strengthen its position in international financial markets and expand financing of the l ...

AERA and TuranBank sign cooperation agreement

... significance of implementing energy efficiency measures. He pointed out that cooperation agreements have been signed with the country’s leading banks, and emphasized the future prospects and opPortunities for partnership within this framework. Speaking about the activities of TuranBank, Orkhan Garayev noted that the bank possesses an exte ...

Azerbaijan’s AI Skills Development Praised in ITF Report

... Azerbaijan’s initiatives in the field of artificial intelligence (AI) have once again received international recognition. In particular, the rePort published by the International TransPort Forum (ITF), titled “Skills Move us Forward: TransPort Workforce Skills in the Age of AI – Summary and Conclusions,” gives special attent ...

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