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

Iran’s car production slips 57.8 percent in one month

25 May 2013, 12:03

Iranian carmakers manufactured 25,246 cars in the first Iranian calendar month of Farvardin (March 21-April 20), down 57.8 percent compared with the...

BUSINESS

USD 0,7846 0,00% |

EUR 1,0139 0,00% |

GBP 1,1835 0,00% |

RUB 0,0250 0,00%

IMF: Favorable conditions available for oil exporters in Caucasus and Central Asia

24 May 2013, 19:37

Short-term prospects remain generally favorable for oil and gas exporters in the Caucasus and Central Asia (Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan). This reflects the limited direct relations between the...

See all news...

AZERBAIJAN

Baku names reasons of some countries’ pressure on Azerbaijan

24 May 2013, 20:24

Azerbaijan's independent policy is based on the determination of people and national interests, Head of the Azerbaijani Presidential Administration's Social and Political Department Ali Hasanov said. He made the remarks...

See all news...

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...

See all news...

IRAN

Iranian ex-president: I face many adversities

25 May 2013, 10:54

Iranian ex-president Akbar Hashemi Rafsanjani, who has been disqualified for the upcoming presidential election, has said in a statement on Friday that he has always been facing many adversities, Mehr reported. "Toward...

See all news...

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...

See all news...

MIDDLE EAST & TURKEY

Iraq, Jordan to announce tender for oil pipeline construction

25 May 2013, 10:06

Iraq and Jordan are holding the talks on announcing the tender for the construction of an oil pipeline between the two countries, Iraqi newspaper Aswat al-Iraq said on Thursday. According to the newspaper, the oil...

See all news...

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

TREND PHOTO
1 / 4

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...
  See all news...
- 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...
  See all news...
- 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...
  See all news...
- 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...
  See all news...
MOST READ