ECONOMY

A decline in major indices on global stock markets has continued. “Elchi” reports that in the US, the Dow Jones index fell by 419.02 points or 0.79% to 52,766.88 points, the S&P 500 dropped by 54.67 points or 0.71% to 7,631.47 points, and the Nasdaq Composite decreased by 271.12 points or 1.03% to 26,099.77 points. […]

Discussions were held regarding potential projects in the oil and gas sector and the “green energy” field between Azerbaijan and China, including possible energy projects in the Caspian Sea. According to the information provided by the Ministry of Energy to “Elchi”, Minister Parviz Shahbazov met with Zhang Chuanjiang, Chairman of the Board of Supervisors of […]

On September 1, SOCAR President Rovshan Najaf met with Wang Dongjin, Chairman of the China National Offshore Oil Corporation (CNOOC). “Elchi” reports with reference to SOCAR that during the conversation, the parties reviewed investment opportunities in offshore oil and gas exploration, development, production, oil refining, and petrochemical sectors, as well as cooperation opportunities in international […]

Oil continues to rise in price on world markets. “Elchi” reports that currently, a barrel of Brent crude is offered at $91.43, and a barrel of light crude is offered at $86.91.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on September 1, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0352 manats. In turn, 100 Russian rubles decreased to 1.9699 manats, while the euro increased to 1.9730 manats.

Last year, global natural gas supply increased by 52 billion cubic meters compared to the previous year, reaching 4 trillion 147 billion cubic meters. This figure is a historical maximum. elchi reports that this is stated in the “Global Gas Report 2026” prepared by the International Gas Union (IGU) and the Italian company “Snam”. It […]

Within the framework of current supervisory measures conducted by the Central Bank of Azerbaijan, administrative actions have been taken against two non-bank credit organizations. “Elchi” reports this citing the Central Bank. According to the information, due to violations of the requirements of the legislation on combating the legalization of criminally obtained property and the financing […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. elchi-ın məlumatına görə, on August 31, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0352 manats. In turn, 100 Russian rubles increased to 1.9764 manats, while the euro decreased to 1.9703 manats.

A number of Baku-Nakhchivan-Baku flights scheduled for August 29, 2026, by Azerbaijan Airlines (AZAL) have been delayed due to lightning weather conditions. According to the information provided to “Elchi” by the Press Service of Azerbaijan Airlines CJSC, flights will resume once weather conditions stabilize. Passengers will be informed in detail about any possible changes. Due […]

The price of Azerbaijani oil in the world market has approached 93 dollars. “Elchi” reports that the price of a barrel of “Azeri Light” Azerbaijani oil has increased by 0.58 USD or 0.63%, rising to 92.89 USD. Previously, Azerbaijani oil was traded at 92.31 USD. It should be noted that in Azerbaijan’s 2026 state budget, […]