ECONOMY

The price of “Azeri Light” (CIF) brand Azerbaijani oil has decreased in world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 7.15 dollars, or 6.96%, to 95.58 US dollars. It should be noted that the previous price of Azerbaijani oil was 102.73 US dollars. We remind you that […]

The price of one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.85% to 4101.2 US dollars. “Elchi” reports, citing exchange data, that the price of one ounce of silver on COMEX also decreased by 2.3% to 57.36 dollars.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on July 28, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0359 manats. In turn, 100 Russian rubles decreased to 2.1806 manats, and the euro also decreased to 1.9327 manats. Code […]

On July 27, Fabiano Coelho, Head of the Customs Administration of the Federal Revenue Service of Brazil, arrived in Azerbaijan on a visit. “Elchi” reports this with reference to the State Customs Committee. At the meeting held at the State Customs Committee with the head of the Brazilian customs service, Fabiano Coelho, the current state […]

In the second quarter of the current year, gas production in the country increased by 1% compared to the corresponding period of 2025, amounting to 12.8 billion cubic meters. elchi reports, citing the State Oil Company (SOCAR), that 1.7 million tons of oil and 1.8 billion cubic meters of gas were produced from fields operated […]

28.4 million manats have been allocated for the purchase of a total of 451 apartments for persons with disabilities and martyrs’ families in Baku, Shirvan, Yevlakh, and Ganja. elchi reports that the Social Services Agency has signed a contract with “MIDA” LLC regarding this matter. The total value of the single-source contract is 28 million […]

Due to unstable and windy weather conditions in the country, safety measures have been strengthened at the production sites of SOCAR’s “Azneft” Production Union. This was reported to “Elchi” by the “Azneft” Production Union. According to the information, the performance of hazardous work has been restricted, and appropriate measures have been taken to protect human […]

Futures quotes for natural gas on the New York Mercantile Exchange (NYMEX) have fallen. “Elchi” reports that natural gas futures in commodity markets have lost 3.09% of their value, reaching 2.7931 US dollars per 1 million BTU (British thermal unit). The value of gas per megawatt-hour on the Netherlands’ “Title Transfer Facility” (TTF) platform has […]

Trading in precious metals in global commodity markets has ended with mixed dynamics. elchi reports that on the COMEX exchange, the price of 1 troy ounce of gold for August futures increased by 20.60 US dollars, or 0.51%, to 4,070.80 US dollars. Spot gold also became more expensive by 3.31 US dollars, or 0.08%, reaching […]

The Russian payment system “Zolotaya Korona” has suspended money transfers to Azerbaijan, Georgia, Armenia, and several other countries following the European Union’s 21st package of sanctions against Russia. “Elchi” reports that the list of countries where online money transfers from Russia are possible on the system’s official website now includes only Uzbekistan, Turkey, and Kyrgyzstan. […]