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Petrofac and SOCAR create a joint venture

The State Oil Company of Azerbaijan Republic (SOCAR) and Petrofac have today signed a founding agreement for the establishment of a joint venture to...

Minister: Azerbaijan turning into regional transit center

Today Azerbaijan is turning into a regional transit center both in logistics and information exchange, Azerbaijani Minister of Transport, Communications and High Technologies Ramin...

Capacity of Kazakhstan’s Caspian ports to increase

The capacity of the Caspian ports of Kazakhstan will reach 25 million tons by 2020. The increase in the ports' capacity will affect the development...

Iran’s oil export to Japan falls by 21% M/M

Iran’s oil exports to Japan (including gas condensates) in October 2017 decreased by 18 percent year-on-year and reached ‎5.13‎‎ million barrels. Compared to the preceding...

‘Shusha’ tanker overhauled

"Shusha" tanker of transportation fleet of "Azerbaijan Caspian Shipping" CJSC was repaired. Report informs citing the company, the tanker's underwater and surface parts were cleaned...

Foreign ministers of Caspian Sea states meet in Moscow

The meeting of foreign ministers of the Caspian Sea littoral states will take place in Moscow, December 4-5. Report informs, meeting of the foreign policy departments of Russia, Azerbaijan,...

Iranian President Rouhani opens Phase I Shahaid Beheshti FTZ Port

Iran's President Hassan Rouhani opened the first phase of Shahid Beheshti Port in the southeastern city of Chabahar on Sunday morning, IRNA reports. The project...

6,000 people work for TAP

“6,000 people are working for TAP,” the Trans Adriatic Pipeline (TAP) AG company said in its Twitter account. “Each member of our team plays...

Iran records a growth on imports value

Iran imported 23.57 million tons of goods worth $32.419 billion during the first eight months of the current fiscal year (started March 20, 2017). The...

Major fishing nations agree Arctic moratorium

The world's major fishing nations have agreed a moratorium on commercial fishing in the Arctic Ocean, before it has even become established, BBC reports. Much of the...

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