Azerbaijan

Rerouting of Russia trade to add more Caucasus, Central Asia growth in 2024-2025, says Oxford Economics

bne IntelliNews June 21, 2024

Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.

Azerbaijani pro-democracy activist claims he was tortured by police after journalist informed on him

bne IntelliNews June 20, 2024

Nijat Amiraslanov says he was tortured with electric shocks until he lost consciousness.

COMMENT: Azerbaijan’s new strategy is to become a green energy hub

Fuad Shahbazov in Durham June 17, 2024

Ambitions go beyond hydrocarbons as Baku seeks to supply green energy to Southeast Europe.

How Masdar is transforming Azerbaijan's energy landscape

Seymur Mammadov in Baku June 12, 2024

The state-owned Masdar renewable energy company has just signed off on a solar power development in Azerbaijan.

Azerbaijan’s first generation of startups paves the way for technological lift-off

Adrien Henni in Baku June 6, 2024

Could Azerbaijan, whose economy remains highly dependent on oil and gas exports, become a regional technology hub one day?

Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan

Tamas Csonka in Budapest, Cavid Aga in Baku June 6, 2024

The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.

The Caspian Sea to shrink by a third due to global warming

Seymur Mammadov in Baku June 5, 2024

The Aral Sea has gone. The Caspian Sea may be next. Global warming will see its level fall by up to 18 metres and reduce its surface area by a third thanks to global warming.

Pashinyan says Armenia and Azerbaijan agree on key terms of peace treaty

Ani Avetisyan May 31, 2024

COP-29 Climate Conference in Baku in November suggested as opportunity to sign any peace agreement.

$18.5bn needed for Middle Corridor infrastructure in Central Asia, says EBRD expert

Clare Nuttall in Yerevan May 30, 2024

Route connecting China and Europe via Central Asia has becoming increasingly popular since Russia's invasion of Ukraine.

Details uncovered on continued Azerbaijani oil exports to Israel via Turkey

bne IntelliNews May 28, 2024

Crude arrives for shipping across Mediterranean on BP-operated pipeline. Deliveries apparently uninterrupted despite Ankara’s “Gaza” trade boycott on Israelis.

Iraq's Central Bank denies it is set to print Zaha Hadid banknotes

bne Gulf bureau May 26, 2024

The Central Bank of Iraq (CBI) has had to defend itself after reports on social media reported it was producing new banknotes with famous Iraqi-born architect Zaha Hadid on them.

PANNIER: Russia is pushing Turkmenistan out of the natural gas market

Bruce Pannier May 24, 2024

Moscow’s moves to take over Central Asian pipeline capacity for deliveries to China might explain unusual urgency in the Turkmen search for new customers.

Iranian media suggests ‘foul play’ and ‘conspiracy’ over Raisi’s death

bne Tehran bureau May 23, 2024

Persian and foreign social media has been awash with speculations from individuals, news agencies, political circles, technical experts, and even several pilots about the possibility that the helicopter crash involving President Raisi was a hit job.

COMMENT: Azerbaijan invites business to help reconstruct Nagorno-Karabakh

Fuad Shahbazov in Durham May 21, 2024

The massive reconstruction of the region will eventually form a unique showcase of a country rebuilding an entire region from scratch.

Turkey says helicopter carrying Iran’s Raisi did not emit transponder signal, adds Turkish drone used to find wreckage

bne IntelliNews May 20, 2024

Akinci thermal imaging used to find crash site shrouded by fog.

Israel's Leviathan gas field is on standby but is Bulgaria's Khan Tares next for SOCAR?

Seymur Mammadov in Baku May 20, 2024

Azerbaijan's national oil and gas company SOCAR is eyeing new Black Sea oil & gas projects, while the Israeli gas field is on hold for now due to the war.

Caspian Sea water levels dropping cause alarm in Iran's north

bne Tehran bureau May 20, 2024

Ahmad Donyamali, an Iranian MP from Anzali on the Caspian coast, has raised serious concerns in the country’s parliament over the falling water levels of the Caspian Sea, which he says are damaging the Anzali Lagoon.

Iran, Azerbaijan open border hydro dam on shared river

bne Tehran bureau May 19, 2024

Iran and Azerbaijan opened a hydroelectric dam on their border with officials calling the megaproject a symbol of “long-term cooperation” and “friendship and amity” between the two nations despite political disagreements in recent years.

#BREAKING: Iranian president missing in helicopter crash on Azerbaijan border, presumed dead

bne Tehran bureau May 19, 2024

Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian are reportedly missing after a helicopter he was travelling in was forced to make a “hard landing” on the border of Azerbaijan.

EBRD 2024: Geopolitics forces dramatic shifts in Emerging Europe trade patterns

Clare Nuttall in Yerevan May 15, 2024

EBRd report finds sanctions and trade disruptions have led to transformations in trade patterns across the Emerging Europe and Central Asia region.

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