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Kazakhstan aims to increase cargo transportation to Turkey by sea
Kazakhstan intends to increase the volumes of cargo transportation to Turkey via sea routes by three times.
This was announced by Kazakh Minister of Investment...
Oil prices fell amid global risk aversion
Oil prices decline on Tuesday after the fall of global stock markets against the backdrop of the strengthening of the U.S. dollar.
Brent crude futures...
Amendments approved to agreement on cargo transportation via Baku, Turkmenbashi ports
Azerbaijani President Ilham Aliyev signed a decree approving the protocol on making amendments and additions to the agreement on organizing cargo transportation, operation, full...
Azerbaijan says construction of biggest Caspian sea trade port progresses
Trend:The first phase of construction of the Baku International Sea Trade Port in Alat settlement will be completed in May 2018, said Azerbaijan’s Economy...
Azerbaijan overhauls vessel to be operated on Trans-Caspian int’l route (PHOTO)
Trend:Azerbaijan Caspian Shipping CJSC has completed overhaul of the “Balakan” ferry, the company told Trend.
The ferry, which belongs to the fleet of Azerbaijan Caspian...
Chevron and Total announces major oil discovery in Gulf of Mexico
Chevron Corporation (NYSE:CVX) today announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico, Business Wire reports.
Ballymore is located in...
Iran sees significant increase in steel, sponge iron exports
Trend:Over 16.073 million tons of crude steel was produced in Iran during the first nine months of the current fiscal year (March 20-Dec. 21,...
European Commission allocates funds for Baku Int’l Sea Trade Port (PHOTO)
The European Commission has allocated one million euros as part of technical assistance for the further development of the Baku International Sea Trade Port,...
Azerbaijan receives first bonus payment from new ACG agreement
The State Oil Fund of Azerbaijan (SOFAZ) has received the first bonus payment in the amount of $450 million from the new agreement on...
Kazakhstan’s investments in transport and logistics revealed
Efficient transport infrastructure is a necessary condition for the development of the economy of Kazakhstan, in which the broad geography of the location of...
