In connection with the upcoming holidays - the Day of Solidarity of World Azerbaijanis and New Year, the Ministry of Agriculture from 24 to 31 December will organize agricultural fairs in Baku and Sumgayit. In Baku, the fair will operate near the cinema "Baku", "Keshla Bazaar" in Badamdar settlement, St. Seyran Mamedov 1, Amirjan village, St. Malik Mustafayev 4 and Darnagul village, near the "Elite" shopping center. In Sumgayit the fair will be opened in the 12th district and near the old bus station. As a rule, at pre-holiday fairs of agricultural products are sold cheaper than in the markets and supermarkets, however, but the product quality is worse. -06D--
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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