Лента новостей отрасли

Kyrgyzstan's SMEs expand contract work, trade and cargo transport in 2025

UK Ambassador: Nakhchivan has significant potential to strengthen regional connectivity

Nakhchivan has significant potential to strengthen regional connectivity, UK Ambassador to Azerbaijan Duncan Norman said in a post on X, according to Report . "Railways, transport infrastructure and the Middle Corridor offer new opportunities for UK-Azerbaijan cooperation. I look forward to working together to impleme…

Ambassador: Kazakhstan and Azerbaijan to сontinue developing Trans-Caspian infrastructure

Cooperation between Azerbaijan and Kazakhstan was discussed at a roundtable held at the Kazakh Embassy in Baku. According to Report , citing the embassy, the event was attended by diplomats, members of Azerbaijan's Milli Majlis, political scientists and experts. In his address, Kazakh Ambassador Alim Bayel highlighted…

Iran stresses need to prevent further escalation – Araghchi

Center: Ships in Caspian Sea warned of strong winds

The Vessel Traffic Management Center of Azerbaijan's State Maritime and Port Agency has warned ships of strong winds in the Caspian Sea. According to Report , citing the agency, northwesterly and northerly winds observed in the Caspian Sea on November 8 are expected to continue until November 9. Wind speeds are foreca…

Azerbaijani gymnast Tofig Aliyev wins silver at World Championships in Nanjing

Azerbaijani national team member Tofig Aliyev has won a silver medal at the Trampoline Gymnastics and Tumbling World Championships in Nanjing, China. According to Report , Aliyev scored 29.700 points in the final of the individual tumbling event to finish second. This is the first World Championship silver medal of Al…

Metal products manufacturing facility commissioned in Aghdam Industrial Park

On November 7, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of a metal products manufacturing facility operated by ASMC Limited Liability Company (LLC) in the Aghdam Industrial Park. According to Report , Shirin Jamalli, founder of Almet Holding Open Joint Stock Company (OJSC), briefe…

President Ilham Aliyev attends inauguration of orthopedic mattress manufacturing facility in Aghdam

On November 7, President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of an orthopedic mattress manufacturing facility operated by Komfy Limited Liability Company (LLC) in the Aghdam Industrial Park. According to Report , Fuad Najafov, Director of Komfy LLC, briefed the head of state on the ent…

Tragic Missile Attack on Marshall Islands-Flagged Tanker in Gulf of Basra

The oil products tanker VELOS SAPPHIRE, flying the flag of the Marshall Islands and sailing off the coast of Qatar, faced a severe explosion and fire after being hit by two munitions. One sailor lost their life on the vessel, which is operated by the Greek company Velos Tankers, while the crew managed to extinguish th…

IMO Council Extends Secretary-General Dominguez's Term Amid Controversy

The International Maritime Organization (IMO) Council has decided to extend Secretary-General Arsenio Dominguez's term for another four years. However, the voting in the 40-member Council revealed divisions within the organization, with six countries opposing and ten abstaining. The decision must be approved by the IM…

19 Dual-Fuel Bulk Carriers Ordered to Propel Ethanol Adoption in Shipping

As the transition to alternative fuels accelerates in the global shipping sector, 19 dual-fuel bulk carriers capable of using ethanol have entered the newbuilding order book. Investments led by Brazilian mining giant Vale are opening the door to a new era in dry bulk transportation. Efforts to reduce carbon emissions …

Armenia and Kazakhstan Explore New Logistics Routes to Boost Trade

Armenia and Kazakhstan have discussed expanding transport and logistics routes, strengthening trade ties and exploring new opportunities for cooperation, including the development of the Middle Corridor.

Bulk Carrier BYB OTHELLO Runs Aground in Istanbul Strait Amid Storm

While en route from Kocaeli to Ukraine's Izmail Port, the bulk carrier BYB OTHELLO, flagged under Saint Kitts and Nevis, experienced a machinery failure and ran aground at the Black Sea exit of the Istanbul Strait. Due to severe weather conditions, a maritime intervention was not possible, and the 13 crew members on b…

Oil and gas production volumes from Chirag platform revealed

A total of 107.8 million tonnes of oil and 25 billion cubic metres of gas have been produced from the Chirag platform in Azerbaijan's sector of the Caspian Sea since it was commissioned through November 1 this year. The Ministry of Energy told Report that November marks the 29th anniversary of the start of oil product…

Price of Azerbaijani oil exceeds $107

The price of one barrel of Azerbaijan's Azeri Light crude rose by $0.62, or 0.58%, to $107.46 on the global market, a source in the oil market told Report . According to trading results, January futures for Brent crude stood at $96.48 per barrel. At the Turkish port of Ceyhan, the FOB price of Azeri Light rose by $0.8…

KazMunayGas, Transneft Seek to Expand Oil Transit Cooperation

Chief Executive Officer of Kazakhstan's national oil and gas company KazMunayGas (KMG), Askhat Khasenov, met with Nikolay Tokarev, President of Russian oil pipeline operator Transneft, in Moscow to discuss cooperation in oil transportation and transit, the KMG press service said.

SOCAR and Honeywell Technologies sign Global Framework Agreement

SOCAR President Rovshan Najaf met with Anant Maheshwari, President and CEO of Global Regions and President of Strategy at Honeywell Technologies. According to SOCAR, cited by Report , the sides expressed satisfaction with the consistent development of cooperation between the companies and discussed opportunities to ex…

Azerbaijan, UN Discuss Middle Corridor, Regional Connectivity

Azerbaijan’s Foreign Minister Jeyhun Bayramov met with UN Under-Secretary-General for Economic and Social Affairs Li Junhua in Baku on November 6.

Tahir Taghizada: Azerbaijan strengthens its role as connectivity hub between Europe and Asia

Azerbaijan considers ensuring lasting peace, stability and cooperation in the region one of the key priorities of its post-war policy, Azerbaijani Ambassador to Serbia Tahir Taghizada said at an official reception in Belgrade marking November 8 - Victory Day. According to Report 's Balkan bureau, he said victory in th…

Russian LNG Exports to China Surge More Than Twofold

Russian liquefied natural gas (LNG) exports to China have more than doubled since 2021, rising from 4.5 million to 9.8 million metric tons, according to an analytical report by the PORA Expert Center, The Caspian Post reports, citing TASS.

UN outlines indicators of progress on Caspian agreements (Exclusive)

Azerbaijan and Bulgaria hold sixth round of political consultations between foreign ministries

Azerbaijan and Bulgaria have discussed the development of their strategic partnership, including cooperation in the energy sector, the establishment of green energy corridors, transport and logistics links, trade and investment. Azerbaijan's Ministry of Foreign Affairs told Report that the talks were held in Sofia dur…

Bloomberg: US and Iran near breakthrough in talks to end conflict

The United States and Iran are approaching a possible breakthrough in negotiations aimed at fully ending the conflict. According to Bloomberg, cited by Report , Iran is reviewing proposals concerning its nuclear activities submitted by Qatar, the main mediator. Potential concessions on this issue could mark a signific…

Selçuk Esenyel Inspires TEDx Audience with Insights on Courage and Responsibility

Selçuk Esenyel discussed courage and responsibility on the TEDx stage. Attorney Selçuk Esenyel, who narrated the negotiations for the rescue of 10 Turkish sailors kidnapped from the Paksoy-1 vessel, opened a discussion on the meaning of courage, responsibility, and the use of power on the TEDx stage. At the center of …

Milli Majlis committee endorses bill on Absheron offshore block

A relevant committee of the Milli Majlis has recommended that a bill approving the revised agreement on the Absheron offshore block be submitted to a plenary session. According to Report , the document was discussed today at a meeting of the parliamentary Committee on International Relations and Interparliamentary Tie…

Azerbaijan's construction sector loan portfolio jumps 82% in nine months

Ukraine Proposes New Logistics Route Linking Azerbaijan to Europe

Strong transport links between the Black Sea and the Caspian Sea could create new opportunities for trade and energy supplies, with Ukraine proposing the development of logistics routes connecting Azerbaijan to European markets.

Russia and Iran Sign New Deal to Advance 162-Km Railway Project

Russia and Iran have signed key documents granting access to land plots along the planned route of the Rasht-Astara railway line, paving the way for further engineering work on the strategic transport project.

Russian Railways Offers 40.4% Discount on Exports Through Azerbaijan

Russian Railways (RZD) has introduced a 40.4% discount on export rail shipments of selected timber industry products through border crossings with Azerbaijan, Belarus and Kazakhstan.

Hazar Logistik, Gebrüder Weiss discuss cargo transit via Turkmenbashi port