export

Azerbaijan to build nuclear power plant

Nuclear energy will become one of the components of Azerbaijan's energy balance, Azerbaijani Energy Minister Parviz Shahbazov said at an energy panel session at the Antalya Diplomacy Forum.

Indonesia ready to purchase Russian oil

Indonesia has announced its readiness to purchase oil from Russia following the partial lifting of U.S. sanctions on the Russian energy resource, the country's Minister of Energy and Mineral Resources Bahlil Lahadalia said.

Iran exporting oil through closed Strait of Hormuz

Iran has continued to send large amounts of crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has jeopardized broader supplies through the critical waterway.

Turkey may lose 38bln due to Iran conflict

Turkey will lose tens of billions of dollars in export revenues and tourism dollars from the Middle East if the Iran war lasts for three months, The Ekonomim business newspaper writes.

Baku and Tbilisi increase trade turnover

In January of this year, the trade volume between Azerbaijan and Georgia amounted to $77.9 million, reflecting an increase of nearly $5 million compared to the same period last year.

Baku and Washington discuss Trump Route and electricity exports

The transmission of electricity via the Trump Route for International Peace and Prosperity (TRIPP) and prospects for cooperation with U.S. companies within these frameworks were reviewed during a roundtable discussion held as part of a business mission led by Senior Vice President at the U.S. Chamber of Commerce Kush Choksy and Azerbaijan's Minister of Energy Parviz Shahbazov.

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