Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Ilham Aliyev attends ground-breaking ceremony of Baku White City Boulevard

25 May 2013, 13:20

President of Azerbaijan Ilham Aliyev has today attended a ground-breaking ceremony of Baku White City Boulevard, Azertag reported. The Head of State...

BUSINESS

USD 0,7846 0,00% |

EUR 1,0139 0,00% |

GBP 1,1835 0,00% |

RUB 0,0250 0,00%

Azerbaijani oil prices for May 20-24

25 May 2013, 13:40

On May 20-24, the average price on AZERI LT, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to Italian Augusta port, was about $105.37 per barrel or $0.44 less compared to the previous week. The maximum...

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AZERBAIJAN

OSCE MG preparing Azerbaijani and Armenian presidents' meeting

24 May 2013, 20:52

The Co-Chairs of the OSCE Minsk Group (Ambassadors Igor Popov of the Russian Federation, Jacques Faure of France, and Ian Kelly of the United States of America) and the Personal Representative of the OSCE...

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SOUTH CAUCASUS

Azerbaijan becomes third largest exporter of oil products to Georgia in April

25 May 2013, 10:59

According to the Georgian Union of Petroleum Product Importers, imports of petroleum products (petrol and diesel fuel) amounted to 67,900 tons in Georgia in April. Petrol imports amounted to 26,700 tons and diesel fuel...

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IRAN

One-third of Iran’s large cities’ population suffers from diabetes

25 May 2013, 13:49

In Iran, 30 percent of people living in big cities suffer from diabetes, or will suffer from the disease in the future, chairman of the Iranian Diabetes Society Asadullah Rezheb informed the ILNA news agency on...

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CENTRAL ASIA

Turkmenistan increases oil and liquefied natural gas production

25 May 2013, 12:52

In January-April 2013, Turkmenistan increased production of petroleum products, including motor gasoline by 1.9 percent, liquefied gas by 5.3 percent, polypropylene by 3.4 percent, various types of technical lubricants...

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MIDDLE EAST & TURKEY

President of Turkish Galatasaray FC resigns

25 May 2013, 13:11

The President of the famous Turkish football club Galatasaray, Unal Aysal, has resigned on procedural grounds, Hürriyet newspaper reported on Saturday. According to the report, Aysal resigned in order to be re-elected...

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Infographics

Over $40 billion was invested within the oil and gas projects in Azerbaijan implemented by BP

22.05.2013

The company is a participant of major energy projects in the country and in particular developing the block of Azeri-Chirag-Guneshli offshore...

Energy News

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VIEWPOINT
- Iran's gas import & export prices
  
  Radio Liberty quoted Minister of Energy and Natural Resources of Armenia, Armen Movsisyan on May 21 that Iran sells natural gas to Turkey and other nations (Armenia is the only importer of Iranian gas after Turkey) for $370 per thousand cubic meters. According to official data, Armenia imported 500 million cubic meters of gas from Iran in 2012 and bartered with electricity, while Turkey's gas imports from Iran were around 8.4 bcm. According to Iran's official statistics, Iran imported 4.5 bcm of gas from Turkmenistan during the last Iranian calendar year which ended on March 19, 2013, while...
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- TAP vs. Nabucco West confrontation may end amicablly
  
  Azer Ahmedbeyli, Trend analytical centre expert In a month, the Shah Deniz consortium will make a final decision on an export route for transporting Azerbaijani gas to Europe. The gas production volumes from the second phase of the Shah Deniz field development stated by the consortium hit 16 billion cubic meters, of which only 10 billion are intended for Europe. So, today one has to choose one of two projects - the Trans Adriatic Pipeline (TAP) which follows a Greece-Albania-Italy route or Nabucco West via Bulgaria, Romania and Hungary to Austria, as this gas volume can fill only one pipe and...
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- Retail lending imbalance in Azerbaijan
  
  Leyla Abdullayeva, Trend analytical centre expert The population of Azerbaijan is becoming adapted to living on credit. It is now impossible to find an area where the citizens are not using borrowed funds. The majority of purchases such as housing, automobiles, home appliances and so forth are made through the borrowed money. In response to the increased demand, Azerbaijani banks have extended to a limit and simplified the range of loan programmes offered to the public. According to the Central Bank of Azerbaijan (CBA), the lion portion of loans in Azerbaijan is granted to households. In...
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- Azerbaijani FM: Double standards observed in OSCE work in South Caucasus region
  
  There are double standards in OSCE's work in the South Caucasus region, Azerbaijani Foreign Minister Elmar Mammadyarov said in an interview with Russian Independent Newspaper today. "There are double standards in assessing the internal situation in the country," Mammadyarov said, while answering the question about Baku's plans to reduce the OSCE representative office's status in Azerbaijan. For example an attempt of one presidential candidate to shoot another or another candidate's hunger strike are not indicated in the official records of the organisation, but the elections are characterised...
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