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Walking the line Energy

Plans for a new Euro-Caspian pipeline will solidify the west's dependence on fossil fuels and authoritarian regimes. This new documentary shows why we should stop and think. “Of course we need a different energy model,” Alberto Santoro states emphatically. “It is

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Azerbaijan’s SOCAR reviving Iran deals Energy

Azerbaijan’s state oil firm SOCAR says it is looking to revive trade with Iran as the two neighbors are strengthening relations after the lifting of sanctions on the Islamic Republic.  Azeri President Ilham Aliyev arrived in Tehran on Tuesday to

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KazMunaiGas crashes prepayment party to improve debt profile Energy

Read the rest of this TXF article here: http://www.txfnews.com/News/Article/5472/KazMunaiGas-crashes-prepayment-party-to-improve-debt-profile. For more high quality trade, export & agency, and commodity finance journalism and events, visit www.txfnews.com Kazakhstan’s state-owned KazMunaiGas (KMG), an umbrella company of several subsidiaries, is closing a $3

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THE HISTORY OF THE CASPIAN SEA History

The Caspian Sea is situated on the border of Europe and Asia. It is bordered with the Russian Federation, Kazakhstan, Turkmenistan, Azerbaijan and Iran. The Caspian is the largest inland body of water in the world. Since the ancient

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Baku to host Caspian – Black Sea Agrarian Congress Agriculture

Baku, AZERTAC One of the most significant events of the agricultural sector, Caspian and Black Sea Agrarian Congress will take place in Baku, on April 12-13. The all-Ukrainian public organization Ukrainian Grain Association and the information-analytical agency APK-Inform are the Congress organizers. Organizational

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Russian interest in East Med and Cyprus gas Energy

In a week that saw Russia pulling some of its armed forces out of Syria and signs of increasing cooperation between Russia and the US in the region, it is important to examine Russian interest in energy, and particularly gas,

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The 28 Best Trips of 2016 Tourism

Each year, we send our editors and writers on a mission to find the destinations on the vanguard of the travel. The major takeaway from our 28 favorites of 2016? The entire world is getting more adventurous.

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Terms of bond issuance for Southern Gas Corridor defined Energy

By Anvar Mammadov – Trend: Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a ten-year bond at seven percent yield area, Global Capital agency reported. Depending on market conditions, the SGC's bond offering under the state guarantee is forecasted

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WB to discuss Absheron lakes clean up Environment

Trend: The World Bank’s (WB) Board of Directors will discuss the “Absheron Lakes Cleanup and Rehabilitation” project on July 18, 2017, said the WB. The estimated cost of the project is $100 million, $85 million of which are

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Kashagan to expand and extend first production stage Investment

ASTANA – The Kashagan development project operator – North Caspian Operating Company (NCOC) – is planning to substantially expand and extend the first production stage – the Experimental Programme (EP). The operator company has developed an AEP project – Additional

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China Gets Winning Formula For Silk Road Railway Investment

Summary China agreed to help Iran building a railway which will form part of China's High Speed Silk Road Railway. China has a winning SRR formula: dual-Usage bullet train technology and irresistible co-operation terms. When SRR completed, freight train from China can reach

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SOCAR: SGC project shareholders plan to raise extra $2B Energy

Trend: Shareholders of the Southern Gas Corridor (SGC) project plan to raise additional $2 billion from international finance institutions to fund the project, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, told reporters April 2. Abdullayev said the funds are planned

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full text of The Anglo-Russian Entente - 1907 History

Agreement Concerning Persia The Governments of Great Britain and Russia having mutually engaged to respect the integrity and independence of Persia, and sincerely desiring the preservation of order throughout that country and its peaceful develop ment, as well as the

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full text of Treaty of Gulistan (1813) History

full text of Treaty of Gulistan (1813) In the name of Almighty God With the intention to cease horror of the war and re-establish steady peace and well-wishing friendship neighborhood shared by Russia Empire and the State of Iran since the

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full text of Treaty of Turkmenchay (1828) History

full text of Treaty of Turkmenchay (1828) Treaty of Turkmenchay (1828) ARTICLE I His Majesty the Russian Emperor and His Majesty the King of Iran have agreed to eternal peace, friendship and full agreement between them, their heirs to the throne,

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SOCAR attracts additional funds from IBA Energy

SOCAR, the state energy company of Azerbaijan attracts 200 million manats ($131.7 million) from the International Bank of Azerbaijan (IBA) for 2016. The funds that SOCAR will get is the next tranche of loans allocated for the drilling works in the

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Turkmenistan advancing on South Asian gas market Energy

Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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ECO-Caspian energy transition through gas Energy

ECO-Caspian energy transition through gas The oil price slide since mid-2014 has severely constrained economic growth and investment in the Economic Cooperation Organization (ECO) & Caspian region. Despite this, regional governments nevertheless expect an improved market climate &

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Iran-Azerbaijan trade turnover up Investment

Iran-Azerbaijan trade turnover up by 53% Trade turnover between Iran and Azerbaijan has increased by 53 percent in the first three months of the current year, said Iran's ICT Minister Mahmoud Vaezi speaking to reporters in Baku April 21. Vaezi, who

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Iran, Azerbaijan to step up ICT coop Investment

Iran, Azerbaijan to step up ICT coop In a meeting between Iran's ICT minister and Azeri counterpart in Baku, the two sides stressed cooperation in the fields of communication, satellites, post and post bank. Mahmoud Vaezi, who is

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NDFI, KEXIM ink MoU Investment

NDFI, KEXIM ink MoU National Development Fund of Iran (NDFI) and the Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM) have signed a memorandum of cooperation. During the visit of South Korean president

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No Way Out Ecosystem

No Way Out The fate of the Caspian seal may have been decided five million years ago. The smallest earless seal on Earth, Pusa caspica, is the only mammal in the Caspian Sea. It is atop the aquatic food chain in this

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Southern Gas Corridor to attract about 7B dollar Energy

Southern Gas Corridor to attract about $7B The Southern Gas Corridor project, designed to supply Caspian gas to Europe, intends to attract investments worth $7 billion. The remark was made by Rovnag Abdullayev, President of Azerbaijan's state-owned energy company SOCAR on

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Next Big Travel Destination: Iran? Tourism

Next Big Travel Destination: Iran? Global hotel companies are establishing new beachheads in Iran, betting that lifted sanctions against the Middle East nation will spark a jump in tourism and business travel after decades of economic isolation. Spanish operator Melia

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Iran to export 90k tons fisheries Fishing

Iran to export 90k tons fisheries An official at Iran Fisheries Organization has estimated that export volume of fishery products will reach 90 thousand tons in the current Iranian year (began March 20). Isa Golshahi, Iran Fisheries

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Baku to the future Political and military events

Baku to the future   NEXT month around two dozen Formula One racecars will speed through the gleaming centre of Baku, the capital of Azerbaijan. They will zoom along the shore of the oil-rich Caspian Sea, past five-star hotels and

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EBRD Mulls SGC Loan Energy

EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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Moscow is preparing special beach areas Tourism

Moscow is preparing special beach areas   FOR IMMEDIATE RELEASE: This summer, in the city of Moscow, there will be arranged new beaches on the banks of rivers and lakes of the city with demarcated areas where water would not exceed 1.2

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Caspian Overview: China Eyes Growth in Azerbaijan Energy

Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

read more

Turkmenistan to host 3rd Iran-Project expo Investment

Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Azerbaijan – Oriental Express Hub? Energy

Azerbaijan – Oriental Express Hub?    With the first Mumbai-to-Moscow train scheduled to chug through Azerbaijan this August, railways seem set to become the new oil for the Caspian Sea nation.   Better known for a wealth of energy and

read more

Iran, Russia in talks over electricity exchange Energy

Iran, Russia in talks over electricity exchange   A new report says Iran and Russia are in final talks over electricity exchange during high seasons. Payam Baqeri, head of Export Committee of the Iranian Power Industry Union, has told the Azerbaijan

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Tehran, Kiev after closer trade ties Investment

Tehran, Kiev after closer trade ties   Deputy industry minister, at a meeting with Ukraine’s ambassador to Iran, called for expansion of trade exchanges between Tehran and Kiev. Valiollah Afkhamirad, who heads Iran's Trade Promotion Organization (TPO), voiced

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Illegal banking activity ceased in Azerbaijan Investment

Parabank’s Sumgayit branch was operating outside the branch without proper permit for the activity. A structural division under Parabank JSC’s Sumgayit branch was revealed in Azerbaijan as a result of the monitoring conducted by the country’s Financial Market Supervisory

read more

Iran, Turkmenistan to launch banking ties Investment

Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

read more

Iran, Russia reach new banking agreement Investment

Iran, Russia reach new banking agreement   Officials of Iranian and Russian central banks have reached an accord over launching broker relationships between Russia’s major banks and their Iranian counterparts. On the sidelines of the XXV International Financial

read more

Iran, Turkmenistan to launch banking ties Investment

Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

read more

Azerbaijani currency rate on July 11 Investment

Official exchange rate of the Azerbaijani manat against the US dollar was set at 1.5487 manats for July 11, said Azerbaijan's Central Bank July 8. Thus, manat's rate against the US dollar decreased by 0.2 percent compared to July 8. The

read more

Dry Cargo Vessel Launched in Russia science

Dry Cargo Vessel Launched in Russia   The Zhibek Zholy, a dry cargo vessel with a capacity of 7,500 dead weight tonnage (DWT), was launched July 12 in Shlisselburg, Russia, reported the Kazakhstan Temir Zholy

read more

Iran after creating large-scale exporting firms Investment

Iran after creating large-scale exporting firms   Iran’s deputy industry minister has announced that the country is seeking to establish major exporting companies. Deputy Minister of Industry, Mine and Trade Valiollah Afkhami Rad said there exists no doubt that

read more

EBRD Considers TAP Funding Energy

EBRD Considers TAP Funding   The European Bank for Reconstruction and Development (EBRD) has confirmed that it started talks to provide direct financing of €500mn and attract €1bn from banks for the Trans Adriatic Pipeline (TAP), which will bring Azeri gas from

read more

Water level rises in Kura Hydrology

Water level rises in Kura   Increase of water level has been observed in Kura River in the past few days. The level of water in Giragkesemen settlement of Kura River increased by 12 cm on August 8. The water consumption holds 113m3/sec in

read more

Iran, Azerbaijan ink 6 MoUs in Baku Investment

Iran, Azerbaijan ink 6 MoUs in Baku The Islamic Republic of Iran and the Republic of Azerbaijan signed six memoranda of understanding in Baku on Sun. to further deepen ties between the two countries. In the ceremony

read more

Mastercards now available in Iran Investment

Mastercards now available in Iran   Iran’s ICT Minister Mahmoud Vaezi has announced that MasterCard’s international credit cards are now available inside the country. Speaking during a ceremony to inaugurate infrastructure projects of Iran Post, Iranian Minister of

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Iran, Armenia to boost electricity exchange Energy

Iran, Armenia to boost electricity exchange   An official has announced that Iran-Armenia electricity exchange volume will become trebled upon completion of the third transmission line. Vice President of Iran Power & Water Industries Equipment & Services Export

read more

TAP: plus 700 line pipes reach Alexandroupoli port Energy

TAP: 700+ line pipes reach Alexandroupoli port   700+ line pipes to be used for the construction of TAP`s section in Greece have reached the port of Alexandroupoli, Azertac reported, The Trans Adriatic Pipeline (TAP) will transport Caspian natural gas to Europe. Connecting

read more

Turkmenistan, Germany to sign some documents Investment

Turkmenistan, Germany to sign some documents   Turkmen President Gurbanguly Berdimuhamedov intends to pay a working visit to Germany August 29-30, the Turkmen government said Aug. 27. According to the message, several documents are planned to be signed as part of the

read more

Is Putin the new Stalin? Political and military events

Is Putin the new Stalin? ‘Tom’ thinks Vladimir Putin is the new Josef Stalin. As he’s never been to Russia, his views surely reflect the power of a Western media narrative which continuously demonizes the Russian President. Last week, an optician from

read more

Russia, Iran sign MoU on banking coop. Investment

Russia, Iran sign MoU on banking coop.   Iran and Russia on Thu. signed an MoU in the fields of banking cooperation, anti-money laundering, countering the financing of terrorism, and development of settlements in national currencies in bilateral trade.

read more

Iran, Russia to boost Ruble-Rial swap Investment

Iran, Russia to boost Ruble-Rial swap   Vice chairman of Iran-Russian Chamber of Commerce has called for currency swap to further develop volume of the two countries' trade exchanges. Ghadir Ghiafeh touched upon the banking cooperation agreement between

read more

Iran central part of Silk Road Investment

Iran central part of Silk Road   Austrian President of International Institute for Peace (IIP) has said Chinese effort to revive classical Silk Road is unlikely to incite animosity from European countries. Payman Yazdani of Mehr News International

read more

Government to stimulate tourism industry Tourism

Government to stimulate tourism industry   Azerbaijan located in the junction of two world civilizations, is a miraculous country with its rich natural resources, and ancient culture, history and people, whose lifestyle presents a unique and harmonious combination of the traditions

read more

EBRD Backs Bulgaria's Plans for Gas Hub in Varna Energy

EBRD Backs Bulgaria's Plans for Gas Hub in Varna The European Bank for Reconstruction and Development (EBRD) is prepared to back Bulgaria's plans for a regional natural gas hub and will support the project financially if it proves viable, the bank's

read more

Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Energy

Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Russia supports year-long deal to stabilize oil, its OPEC representative tells Interfax Oil prices rebounded from a new one-month low Tuesday after further talk of cooperation to cap output among the world’s largest oil exporters. Russia

read more

Mazhilis Approves Law on LEU Bank in Kazakhstan Energy

IIKSS - Kazakhstan’s Mazhilis (lower chamber of Parliament) approved Nov. 2 the draft law “On ratification of the agreement between the Kazakh government and the International Atomic Energy Agency (IAEA) on establishing the low-enriched uranium (LEU) bank in

read more

Saudi agency to offer $500 mn loan for TAPI project Energy

IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)

read more

ADIF authorized capital to be increased Investment

IIKSS - Authorized capital of the Azerbaijan Deposit Insurance Fund (ADIF) will be increased in 2017 in line with Azerbaijani President Ilham Aliyev’s decree on approval of the state budget. According to the decree, Azerbaijan’s Finance Ministry is

read more

Tehran, Baku Boost Transport, Trade Ties Investment

IIKSS - Iran and Azerbaijan are boosting trade and transportation ties, following the new agreements reached during a joint intergovernmental commission held in Baku and Nakhchivan last week. The two sides agreed to reduce transit fees to $100

read more

Iran welcomes deepening ties with EU Investment

IIKSS- President Hassan Rouhani has said Iran would stay committed to its obligations under any deal as long as others do not breach it. “The Islamic Republic of Iran will stay committed to its obligations as long as

read more

Azerbaijan, Iran discuss cooperation Investment

IIKSS- Azerbaijan`s Minister of Economy Shahin Mustafayev has met Chairman of Central Bank of the Islamic Republic of Iran Valiollah Seif. They discussed cooperation in financial field. The sides also exchanged views on the current state of cooperation

read more

Turkmenistan to further consider joining WTO Investment

IIKSS- Turkmenistan will further consider the prospects of joining the World Trade Organization (WTO), the ‘Neutral Turkmenistan’ newspaper quoted President Gurbanguly Berdimuhamedov as saying Feb. 21. President Berdimuhamedov made the remarks at a meeting of the Cabinet of

read more

Iran means business Investment

IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

read more

Iran means business Investment

IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

read more

Kazakhstan to develop banking ties with Iran Investment

IIKSS- The Vice-Governor of Iran’s Central Bank for Foreign Exchange Affairs, Gholamali Kamyab, met with Kassymbek, the Kazakh Minister of Investment and Development on Thursday in Astana. Gholamali Kamyab, the Vice-Governor of Iran’s Central Bank for Foreign Exchange

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Work on TAPI pipeline begins in Pakistan Energy

IIKSS- After being in the works for the past 22 years, the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project got under way on Friday. The pipeline will serve as an energy corridor between Central and South Asia. The inaugural

read more

China’s strategy in the Caucasus Investment

IIKSS- When leaders of Azerbaijan and Georgia took part in a session titled “The Silk Road Effect” at the 2017 World Economic Forum in Davos, they were predictably eager to promote the importance of the China-led Silk Road

read more

Iran, Russia banks sign refinance agreement Investment

Export Development Bank of Iran (EDBI) and Moscow MirBusiness Bank on Sunday inked a short-term refinance agreement to promote imports of necessary goods, Irna reported. EDPB and Moscow MirBusiness Bank signed contract worth €10 million; the agreement will help

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IIKSS Search

Iran, Russia banks sign refinance agreement Investment

Export Development Bank of Iran (EDBI) and Moscow MirBusiness Bank on Sunday inked a short-term refinance agreement to promote imports of necessary goods, Irna reported. EDPB and Moscow MirBusiness Bank signed contract worth €10 million; the agreement will help

read more

China’s strategy in the Caucasus Investment

IIKSS- When leaders of Azerbaijan and Georgia took part in a session titled “The Silk Road Effect” at the 2017 World Economic Forum in Davos, they were predictably eager to promote the importance of the China-led Silk Road

read more

Work on TAPI pipeline begins in Pakistan Energy

IIKSS- After being in the works for the past 22 years, the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project got under way on Friday. The pipeline will serve as an energy corridor between Central and South Asia. The inaugural

read more

Kazakhstan to develop banking ties with Iran Investment

IIKSS- The Vice-Governor of Iran’s Central Bank for Foreign Exchange Affairs, Gholamali Kamyab, met with Kassymbek, the Kazakh Minister of Investment and Development on Thursday in Astana. Gholamali Kamyab, the Vice-Governor of Iran’s Central Bank for Foreign Exchange

read more

Iran means business Investment

IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

read more

Iran means business Investment

IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

read more

Turkmenistan to further consider joining WTO Investment

IIKSS- Turkmenistan will further consider the prospects of joining the World Trade Organization (WTO), the ‘Neutral Turkmenistan’ newspaper quoted President Gurbanguly Berdimuhamedov as saying Feb. 21. President Berdimuhamedov made the remarks at a meeting of the Cabinet of

read more

Azerbaijan, Iran discuss cooperation Investment

IIKSS- Azerbaijan`s Minister of Economy Shahin Mustafayev has met Chairman of Central Bank of the Islamic Republic of Iran Valiollah Seif. They discussed cooperation in financial field. The sides also exchanged views on the current state of cooperation

read more

Iran welcomes deepening ties with EU Investment

IIKSS- President Hassan Rouhani has said Iran would stay committed to its obligations under any deal as long as others do not breach it. “The Islamic Republic of Iran will stay committed to its obligations as long as

read more

Tehran, Baku Boost Transport, Trade Ties Investment

IIKSS - Iran and Azerbaijan are boosting trade and transportation ties, following the new agreements reached during a joint intergovernmental commission held in Baku and Nakhchivan last week. The two sides agreed to reduce transit fees to $100

read more

ADIF authorized capital to be increased Investment

IIKSS - Authorized capital of the Azerbaijan Deposit Insurance Fund (ADIF) will be increased in 2017 in line with Azerbaijani President Ilham Aliyev’s decree on approval of the state budget. According to the decree, Azerbaijan’s Finance Ministry is

read more

Saudi agency to offer $500 mn loan for TAPI project Energy

IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)

read more

Mazhilis Approves Law on LEU Bank in Kazakhstan Energy

IIKSS - Kazakhstan’s Mazhilis (lower chamber of Parliament) approved Nov. 2 the draft law “On ratification of the agreement between the Kazakh government and the International Atomic Energy Agency (IAEA) on establishing the low-enriched uranium (LEU) bank in

read more

Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Energy

Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Russia supports year-long deal to stabilize oil, its OPEC representative tells Interfax Oil prices rebounded from a new one-month low Tuesday after further talk of cooperation to cap output among the world’s largest oil exporters. Russia

read more

EBRD Backs Bulgaria's Plans for Gas Hub in Varna Energy

EBRD Backs Bulgaria's Plans for Gas Hub in Varna The European Bank for Reconstruction and Development (EBRD) is prepared to back Bulgaria's plans for a regional natural gas hub and will support the project financially if it proves viable, the bank's

read more

Government to stimulate tourism industry Tourism

Government to stimulate tourism industry   Azerbaijan located in the junction of two world civilizations, is a miraculous country with its rich natural resources, and ancient culture, history and people, whose lifestyle presents a unique and harmonious combination of the traditions

read more

Iran central part of Silk Road Investment

Iran central part of Silk Road   Austrian President of International Institute for Peace (IIP) has said Chinese effort to revive classical Silk Road is unlikely to incite animosity from European countries. Payman Yazdani of Mehr News International

read more

Iran, Russia to boost Ruble-Rial swap Investment

Iran, Russia to boost Ruble-Rial swap   Vice chairman of Iran-Russian Chamber of Commerce has called for currency swap to further develop volume of the two countries' trade exchanges. Ghadir Ghiafeh touched upon the banking cooperation agreement between

read more

Russia, Iran sign MoU on banking coop. Investment

Russia, Iran sign MoU on banking coop.   Iran and Russia on Thu. signed an MoU in the fields of banking cooperation, anti-money laundering, countering the financing of terrorism, and development of settlements in national currencies in bilateral trade.

read more

Is Putin the new Stalin? Political and military events

Is Putin the new Stalin? ‘Tom’ thinks Vladimir Putin is the new Josef Stalin. As he’s never been to Russia, his views surely reflect the power of a Western media narrative which continuously demonizes the Russian President. Last week, an optician from

read more

Turkmenistan, Germany to sign some documents Investment

Turkmenistan, Germany to sign some documents   Turkmen President Gurbanguly Berdimuhamedov intends to pay a working visit to Germany August 29-30, the Turkmen government said Aug. 27. According to the message, several documents are planned to be signed as part of the

read more

TAP: plus 700 line pipes reach Alexandroupoli port Energy

TAP: 700+ line pipes reach Alexandroupoli port   700+ line pipes to be used for the construction of TAP`s section in Greece have reached the port of Alexandroupoli, Azertac reported, The Trans Adriatic Pipeline (TAP) will transport Caspian natural gas to Europe. Connecting

read more

Iran, Armenia to boost electricity exchange Energy

Iran, Armenia to boost electricity exchange   An official has announced that Iran-Armenia electricity exchange volume will become trebled upon completion of the third transmission line. Vice President of Iran Power & Water Industries Equipment & Services Export

read more

Mastercards now available in Iran Investment

Mastercards now available in Iran   Iran’s ICT Minister Mahmoud Vaezi has announced that MasterCard’s international credit cards are now available inside the country. Speaking during a ceremony to inaugurate infrastructure projects of Iran Post, Iranian Minister of

read more

Iran, Azerbaijan ink 6 MoUs in Baku Investment

Iran, Azerbaijan ink 6 MoUs in Baku The Islamic Republic of Iran and the Republic of Azerbaijan signed six memoranda of understanding in Baku on Sun. to further deepen ties between the two countries. In the ceremony

read more

Water level rises in Kura Hydrology

Water level rises in Kura   Increase of water level has been observed in Kura River in the past few days. The level of water in Giragkesemen settlement of Kura River increased by 12 cm on August 8. The water consumption holds 113m3/sec in

read more

EBRD Considers TAP Funding Energy

EBRD Considers TAP Funding   The European Bank for Reconstruction and Development (EBRD) has confirmed that it started talks to provide direct financing of €500mn and attract €1bn from banks for the Trans Adriatic Pipeline (TAP), which will bring Azeri gas from

read more

Iran after creating large-scale exporting firms Investment

Iran after creating large-scale exporting firms   Iran’s deputy industry minister has announced that the country is seeking to establish major exporting companies. Deputy Minister of Industry, Mine and Trade Valiollah Afkhami Rad said there exists no doubt that

read more

Dry Cargo Vessel Launched in Russia science

Dry Cargo Vessel Launched in Russia   The Zhibek Zholy, a dry cargo vessel with a capacity of 7,500 dead weight tonnage (DWT), was launched July 12 in Shlisselburg, Russia, reported the Kazakhstan Temir Zholy

read more

Azerbaijani currency rate on July 11 Investment

Official exchange rate of the Azerbaijani manat against the US dollar was set at 1.5487 manats for July 11, said Azerbaijan's Central Bank July 8. Thus, manat's rate against the US dollar decreased by 0.2 percent compared to July 8. The

read more

Iran, Turkmenistan to launch banking ties Investment

Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

read more

Iran, Russia reach new banking agreement Investment

Iran, Russia reach new banking agreement   Officials of Iranian and Russian central banks have reached an accord over launching broker relationships between Russia’s major banks and their Iranian counterparts. On the sidelines of the XXV International Financial

read more

Iran, Turkmenistan to launch banking ties Investment

Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

read more

Illegal banking activity ceased in Azerbaijan Investment

Parabank’s Sumgayit branch was operating outside the branch without proper permit for the activity. A structural division under Parabank JSC’s Sumgayit branch was revealed in Azerbaijan as a result of the monitoring conducted by the country’s Financial Market Supervisory

read more

Tehran, Kiev after closer trade ties Investment

Tehran, Kiev after closer trade ties   Deputy industry minister, at a meeting with Ukraine’s ambassador to Iran, called for expansion of trade exchanges between Tehran and Kiev. Valiollah Afkhamirad, who heads Iran's Trade Promotion Organization (TPO), voiced

read more

Iran, Russia in talks over electricity exchange Energy

Iran, Russia in talks over electricity exchange   A new report says Iran and Russia are in final talks over electricity exchange during high seasons. Payam Baqeri, head of Export Committee of the Iranian Power Industry Union, has told the Azerbaijan

read more

Azerbaijan – Oriental Express Hub? Energy

Azerbaijan – Oriental Express Hub?    With the first Mumbai-to-Moscow train scheduled to chug through Azerbaijan this August, railways seem set to become the new oil for the Caspian Sea nation.   Better known for a wealth of energy and

read more

Turkmenistan to host 3rd Iran-Project expo Investment

Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

read more

Caspian Overview: China Eyes Growth in Azerbaijan Energy

Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

read more