ECONOMY

NEWS

The second day of the Baku Energy Forum has begun

— ECONOMY
The second day of the Baku Energy Forum, considered a leading and strategic energy dialogue platform within the framework of the 31st “Baku Energy Week”, has begun. elchi reports that the second day of the forum will feature discussions on “Leaders’ Speeches: Leaders’ positions on energy transformation and future strategies”, sessions on capacity building, “Energy […]
NEWS

Works under the memorandum between SOCAR and ExxonMobil Corporation reviewed

— ECONOMY, NEWS FEED
Within the framework of the “Baku Energy Week”, SOCAR President Rovshan Najaf met with ExxonMobil Corporation Vice President John Ardill. “Elchi” reports that the successful development of long-term partnership relations in the energy sector between SOCAR and ExxonMobil Corporation was noted at the meeting. It was emphasized that the commencement of the first non-associated natural […]
NEWS

EBRD: We have financed 1.2 gigawatts of renewable energy capacity in Azerbaijan

— ECONOMY
We have financed 1.2 gigawatts of renewable energy capacity in Azerbaijan. elchi reports that this was stated by Sule Kilic, EBRD’s Head of Energy for Eurasia, within the framework of the 31st Baku Energy Forum. According to her, Azerbaijan and Central Asia are among the priority regions for the EBRD’s activities. Sule Kilic noted that […]
NEWS

UN: Azerbaijan strengthens its role as a regional hub for “green energy”

— ECONOMY
Azerbaijan is strengthening its role as a regional hub for “green energy”. “Elchi” reports that this was stated by UN Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP) Armida Salsiah Alisjahbana in her video message within the framework of the 31st Baku Energy Forum. According to her, […]
NEWS

Meeting held between the energy ministers of Azerbaijan and Uzbekistan

— ECONOMY
Within the framework of the “Baku Energy Forum”, a meeting was held between the Minister of Energy Parviz Shahbazov and the Minister of Energy of Uzbekistan Jurabek Mirzamahmudov. This was reported to elchi-a by the Ministry. Satisfaction was expressed regarding the development of energy cooperation during the meeting. The dynamics of the supply of oil […]
NEWS

Azerbaijan has signed an oil supply agreement with Bangladesh

— ECONOMY
Bangladesh has signed an oil supply agreement with SOCAR. elchi reports that this was announced by Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud, at the ministerial plenary session held within the framework of the 31st Baku Energy Forum. According to the minister, Bangladesh is expanding cooperation with new partners to strengthen […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, the exchange rate of the US dollar remained unchanged at 1.7000 manats on June 1, and the Turkish lira was 0.0370 manats. The euro rose to 1.9802 manats, and 100 Russian rubles rose to 2.3836 manats. Currency Code Rate 1 US […]
NEWS

Oil prices are rising in world markets

— ECONOMY
During the trading operations on the ICE London intercontinental exchange, the value of the August 2026 contract for the export of Brent crude oil increased by 2.45% to 93.35 US dollars per barrel. According to elchi, the price of 1 barrel of WTI crude oil for export in July 2026 on the NYMEX commodity exchange […]