ECONOMY

Two documents were signed during the planned two-day business visit of BP’s Chief Executive Officer Murray Auchincloss and the company’s Executive Vice President of Production and Operations Gordon Birrell to Azerbaijan. According to the information provided by the company to elchi, two Memoranda of Understanding were signed during the meeting with the participation of Minister […]

For the first time since the start of the conflict around Iran, an oil-laden tanker has arrived in Japan from Azerbaijan. This was reported by Japan’s public television. TASS reports that the oil was purchased by the local oil refining company “ENEOS”, one of the country’s largest gas station operators. According to the information, the […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 0.12% to 4,723 US dollars. Meanwhile, the price of July 2026 silver futures […]

The price of natural gas futures on the New York Mercantile Exchange (NYMEX) has increased. “Elchi” reports that the price of natural gas futures for delivery in June 2026 has increased by 0.58% to 2.93 US dollars per 1 million BTU (British thermal unit).

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on May 12, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0375 manats. The euro appreciated to 1.9986 manats, and 100 Russian rubles increased to 2.3056 manats.    

The next batch of oil products will be exported from Azerbaijan to Armenia. This was reported to “Elchi” by Azerbaijan Railways CJSC. According to the information, 8 wagons (479 tons) of diesel fuel will be sent to Armenia on May 9. It should be recalled that so far, more than 8,500 tons of diesel, 979 […]

A “Joint tactical-special exercise of electronic warfare units” was held in Baku with the participation of military personnel from the Azerbaijan Army and the Turkish Armed Forces. According to the information provided to elchi by the Ministry of Defense, the leadership of the Ministry of Defense and other officials observed the progress of the exercise […]

Tomorrow, 8 wagons of diesel fuel will be exported from Azerbaijan to Armenia. “Elchi” reports that tomorrow, at the same time, 6 wagons of fertilizer will be sent from Russia to Armenia via transit through Azerbaijan.

In the first quarter of this year, 4,995 fraud cases involving payment cards occurred within Azerbaijan, totaling 1,350,492 manats. “Elchi” reports this citing the Central Bank of Azerbaijan. During the reporting period, 21.4% of domestic fraud cases were related to account takeovers. Meanwhile, 60.2% of international fraud cases were carried out without the physical presence […]

A drinking water project has been implemented in Findiqan village of Khizi district, and an opening ceremony was held to mark the completion of the project. This was reported to “Elchi” by the State Water Resources Agency of Azerbaijan (ADSEA). The opening ceremony was attended by Ilgar Gulmammadov, Deputy Chairman of the State Water Resources […]