The Azerbaijani government has extended the exemption from customs duties on importing aviation fuel until December 31, 2025.
Azerbaijani Prime Minister Ali Asadov signed the relevant decision on March 3, which will come into effect in 30 days.
The government initially exempted aviation fuel imports from customs duties on December 30, 2022, with the exemption set to last until December 31, 2023. This decision was then extended for an additional year, through December 31, 2024.
In a separate resolution, the government also decided to extend the excise tax rate of 1 manat ($0.59) per tonne for imported TS-1 aviation fuel, as well as other types of aviation fuel, until December 31, 2025. This resolution will also enter into force in 30 days.
The Organization of the Petroleum Exporting Countries (OPEC) has commended President Ilham Aliyev of Azerbaijan for his "rational and balanced policy" in developing the country’s energy resources, particularly amid growing global demand for oil and gas.
Azerbaijan and Iran have reached a key agreement on the operation mode and water allocation of the Araz reservoir, following the 54th meeting of the Permanent Joint Commission on the shared use of the Araz River's water and energy resources, held in Baku.
Azerbaijan has emerged as a critical transportation hub in China's Belt and Road Initiative, transforming from a regional energy exporter into a vital link connecting Chinese goods with European markets.
Turkish President Recep Tayyip Erdogan has emphasized that deepening energy cooperation between Türkiye and Azerbaijan is not only advancing mutual interests but also reinforcing energy security for Europe and the wider region, as geopolitical risks continue to test global supply chains.
The construction of Kyrgyzstan’s Orto-Tokoy Hydropower Plant (HPP) has reached the halfway mark, with 50% of the work completed, the Ministry of Energy announced on Sunday.
The Organization of the Petroleum Exporting Countries (OPEC) has commended President Ilham Aliyev of Azerbaijan for his "rational and balanced policy" in developing the country’s energy resources, particularly amid growing global demand for oil and gas.
Iranian Foreign Minister Abbas Araghchi has arrived in Egypt on a one-day visit and is scheduled to visit Lebanon on Tuesday on the second leg of his tour of the two Arab countries with which the Islamic Republic is re-adjusting its relations.
Kazakhstan’s Deputy Prime Minister and Foreign Minister Murat Nurtleu will make an official visit to the Islamic Republic of Iran on June 7, 2025, following an invitation from the Iranian government, the Ministry of Foreign Affairs of Kazakhstan announced on Monday.
The State Oil Company of Azerbaijan (SOCAR) and Canada’s Gran Tierra Energy Inc. signed a Memorandum of Understanding on the sidelines of the 30th Anniversary International Caspian Oil and Gas Exhibition held as part of Baku Energy Week.
Azerbaijan and Iran have reached a key agreement on the operation mode and water allocation of the Araz reservoir, following the 54th meeting of the Permanent Joint Commission on the shared use of the Araz River's water and energy resources, held in Baku.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
Azerbaijan’s state oil company SOCAR and Canada’s Gran Tierra Energy Inc. have signed a memorandum of understanding (MoU) to conduct joint research focused on the technical and economic assessment of a project to explore, develop, and produce hydrocarbon resources in the Guba-Caspian region.
The Food and Agriculture Organization of the United Nations (FAO) has warned that, without immediate and sustained support, thousands of rural households in Ukraine may be unable to plant or harvest on schedule—threatening both national food security and rural livelihoods.
Tesla’s new car registrations in Norway jumped by 213% year-on-year in May, reaching 2,600 vehicles, boosted by strong demand for the revamped Model Y SUV.
Switzerland’s economy outperformed expectations in Q1 2025, driven by a surge in exports to the United States and strong growth in the chemical and pharmaceutical sectors.
Russian stocks and the ruble fell as investors reacted cautiously to upcoming negotiations between Russia and Ukraine in Istanbul.
The Organization of the Petroleum Exporting Countries (OPEC) has commended President Ilham Aliyev of Azerbaijan for his "rational and balanced policy" in developing the country’s energy resources, particularly amid growing global demand for oil and gas.
Iranian Foreign Minister Abbas Araghchi has arrived in Egypt on a one-day visit and is scheduled to visit Lebanon on Tuesday on the second leg of his tour of the two Arab countries with which the Islamic Republic is re-adjusting its relations.
Kazakhstan’s Deputy Prime Minister and Foreign Minister Murat Nurtleu will make an official visit to the Islamic Republic of Iran on June 7, 2025, following an invitation from the Iranian government, the Ministry of Foreign Affairs of Kazakhstan announced on Monday.
The State Oil Company of Azerbaijan (SOCAR) and Canada’s Gran Tierra Energy Inc. signed a Memorandum of Understanding on the sidelines of the 30th Anniversary International Caspian Oil and Gas Exhibition held as part of Baku Energy Week.
Azerbaijan and Iran have reached a key agreement on the operation mode and water allocation of the Araz reservoir, following the 54th meeting of the Permanent Joint Commission on the shared use of the Araz River's water and energy resources, held in Baku.
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