In the summer, most tourists in the Shahdag tourism center were from Arab countries. On September 27 Shahdag announced the summer season closed.
The center reported that for the season the center received 30,000 tourists, more than 50% of whom were foreigners.
More than 80% of the foreigners were tourists from Arab countries such as the United Arab Emirates, Saudi Arabia, Iraq, Qatar, Oman, Kuwait, and Bahrain.
Note that as a result of simplification of visa procedures for the Gulf States, the number of Arab tourists in Azerbaijan has increased. There were 25,000 tourists from the Gulf countries, including 11,028 people from Iraq and 10,086 from the United Arab Emirates. -----71D
Economics
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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