ECONOMY

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 0.48 dollars or 0.4%, reaching 120.02 US dollars. It should be noted that the previous price of Azerbaijani oil was 119.54 US dollars. Recall that in this […]

The price of natural gas futures on the New York Mercantile Exchange (NYMEX) has decreased. elchi reports that the price of futures for natural gas for delivery in October 2026 decreased by 0.11% to 2.83 US dollars per 1 million BTU (British thermal unit).

In the first eight months of this year, consumers in Azerbaijan spent 2,701.1 million manats on gasoline and diesel fuel alone in the retail trade network. According to elchi, this was reported with reference to the State Statistical Committee. According to the information, the indicator recorded during the reporting period exceeded the indicator of the […]

In Azerbaijan, a “competition map” showing the level of competition development across the country and its regions will be developed for 2027–2029, and existing regulations in a number of product and service markets will be reviewed. “Elchi” reports that this is provided for in the “National Action Plan for 2027–2029 on the Development of Competition […]

In Azerbaijan, a “competition map” showing the level of competition development across the country and its regions will be developed for 2027–2029, and existing regulations in a number of product and service markets will be reviewed. “Elchi” reports that this is provided for in the “National Action Plan for 2027–2029 on the Development of Competition […]

Within the framework of the 5th Azerbaijan-Turkey Energy Forum in Baku, a bilateral meeting was held between the Minister of Energy Parviz Shahbazov and the Minister of Energy and Natural Resources of Turkey Alparslan Bayraktar. According to the information provided to elchi by the Ministry of Energy, it was noted at the meeting that the […]

A large-scale repair program covering 110 streets and avenues in Baku was launched as soon as the academic year ended. According to the news provided to “Elchi” by AAYDA, repair works have been completed on 60 streets to date, and works are ongoing on 15 streets. “Before the start of the new academic year, the […]

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by $6.22 or 5.5%, reaching $119.54. It should be noted that the previous price of Azerbaijani oil was $113.32. Recall that in this year’s state budget of Azerbaijan, […]

The Cabinet of Ministers has issued a decision “On determining the state need that necessitates the acquisition of land and the body acquiring that land.” According to the news from elchi, based on the decision, the State Water Resources Agency of Azerbaijan has been designated as the acquiring body for the acquisition of land plots […]

In August, the price of Azerbaijani “Azeri Light” oil increased. “Elchi” reports that this was noted in the monthly report of the Organization of the Petroleum Exporting Countries (OPEC). According to the report, this was supported by stable demand in Europe and strong margins for middle distillates. The price of “Azeri Light” crude oil increased […]