Лента новостей отрасли

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

Trump-Backed Trade Corridor Advances Despite Geopolitical Resistance

Armenian officials have commenced design work for the TRIPP trade corridor, even though an operating agreement with the United States remains to be finalized. US and Armenian officials announced in January a preliminary agreement outlining the establishment of an entity, TRIPP Development, that would manage the corrid…

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 …

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…

Oil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs Soar

Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchas…

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…

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…

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

Hazar Logistik, Gebrüder Weiss discuss cargo transit via Turkmenbashi port

Duncan Norman: London aims to deepen co-op with Azerbaijan's Nakhchivan Autonomous Republic

British Ambassador to Azerbaijan Duncan Norman has shared a video following his first visit to the Nakhchivan Autonomous Republic of Azerbaijan, Report informs. "Nakhchivan plays a truly important role in the region. It has real potential as a transport and logistics hub, including within the Middle Corridor, as well …

Azerbaijan and UN discuss expanding cooperation on sustainable development

Azerbaijani Foreign Minister Jeyhun Bayramov discussed cooperation between Azerbaijan and the United Nations with visiting UN Under-Secretary-General for Economic and Social Affairs Li Junhua on November 6, the Foreign Ministry told Report . The two discussed ways to expand cooperation, Azerbaijan's contributions to m…

President Ilham Aliyev and First Lady Mehriban Aliyeva attend opening of non-alcoholic beverage production facility in Jabrayil district - Update

On November 6, President of the Republic of Azerbaijan Ilham Aliyev and First Lady Mehriban Aliyeva attended the opening of a non-alcoholic beverage production facility operated by Sunbeverage LLC in the Jabrayil district, Report informs. Tahir Gozel, Chairman of the Supervisory Board of Azersun Holding, briefed the h…

Iranian, UAE FMs discuss regional situation

Iranian Foreign Minister Abbas Araghchi and UAE Deputy Prime Minister and Foreign Minister Abdullah bin Zayed Al Nahyan have discussed the situation in the region by phone, Report informs, citing the UAE Foreign Ministry. During the conversation, the two sides reviewed the latest regional developments. Abdullah bin Za…

India’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks Persist

Hindustan Petroleum Corporation Limited (HPCL), a major Indian state-owned refiner, is struggling to hire tankers to transit the Strait of Hormuz and pick up cargoes in the Gulf, chairman Vikas Kaushal has told Bloomberg. Despite the recovery of crude oil flows from the Gulf via Hormuz to nearly pre-war levels, buyers…