ECONOMY

The management of mineral resources and water resources between Azerbaijan and China has been discussed. “Elchi” reports that Minister of Economy Mikayil Jabbarov stated this on his “X” social network account. “In our meeting with Yang Tianfu, President of PowerChina Resources Ltd., we emphasized the priority directions of Azerbaijan-China green energy cooperation and the prospects […]

As of July 1 of this year, the investment portfolio of the State Oil Fund (SOFAZ) amounted to 72,595.1 million US dollars. “Elchi” reports, citing the Fund’s data, that this figure has increased by 9.1% or 6,079.9 million US dollars compared to the same period last year. Bonds and money market instruments account for 33.8% […]

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has stopped gold sales in the second quarter of this year. elchi reports, citing SOFAZ, that the Fund’s gold reserves amounted to 178.1 tons. It should be noted that as of July 1 of this year, the share of gold in SOFAZ’s investment portfolio was […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 1.83 dollars or 1.85%, reaching 100.56 US dollars. It should be noted that the previous price of Azerbaijani oil was 98.73 US dollars. We remind you […]

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 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.61% to 4126.4 US dollars.   The price of July 2026 […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on July 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0360 manats. In turn, 100 Russian rubles increased to 2.1726 manats, and the Euro increased to 1.9436 manats. USD 1.7 […]

As a result of the measures taken in the direction of privatization and leasing of state property in January-June 2026, a total of 131 million manats was paid to the state budget. This was reported to elchi by the State Service on Property Issues. It was stated that 32 auctions were held for the privatization […]

The bodies that will conduct state monitoring of water bodies have been determined. elchi reports that the Cabinet of Ministers has amended the “Regulations on the conduct of state monitoring of the environment and natural resources” in this regard. According to the decision, state monitoring of water bodies will be carried out by the State […]

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 4.82 dollars, or 5.13%, reaching 98.73 US dollars. It should be noted that the previous price of Azerbaijani oil was 93.91 US dollars. We remind you that […]