Does Chevron Want to Return to Azerbaijan? Business and Political Interests

In Azerbaijan, the 'Halal' certificate will be issued. The Azerbaijan Standardization Institute (AZSTANDART), operating under the State Service for Antimonopoly and Consumer Market Control of the Ministry of Economy, has been granted the right to issue 'Halal' certificates, which are claimed to meet international accreditation standards.

The Ministry of Finance of Azerbaijan announced a 1.7 billion manats increase in its forecasted state budget revenues and expenditures for 2025, signaling a more optimistic outlook for the country’s financial situation.

Today, the SAP Discovery Day Baku 2024 forum kicked off at the Ritz-Carlton Hotel, with more than 300 executives and specialists from leading companies in Azerbaijan and abroad in attendance. The event is dedicated to the latest trends and approaches in business process transformation, with participants sharing their experiences in implementing various projects.

Azerbaijan processed 5 million tons of crude oil in the first three quarters of 2024, a 2% increase compared to the same period last year, when 4.9 million tons were processed, according to data published by the Ministry of Finance. Of this total, around 1.3 million tons were imported oil, primarily from Russia, Turkmenistan, and Kazakhstan.