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South Caucasus News

NYMEX: Precious Metals Prices Up – 19-10-23



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South Caucasus News

Oil Prices Up – 19-10-23



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South Caucasus News

Austria parliament adopts resolution condemning Azerbaijan ethnic cleansing carried out against Karabakh Armenians


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South Caucasus News

Growing Armenian community mourns Nagorno-Karabakh exodus … – The Daily Princetonian


Growing Armenian community mourns Nagorno-Karabakh exodus …  The Daily Princetonian

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South Caucasus News

The Government of Azerbaijan predicts a decline in capital investments in the oil and gas sector


101900068315.jpg The Government of Azerbaijan predicts an increase in fixed capital investments by 7.7% in 2023. “According to forecasts, in 2024-2027, the average annual growth of investments in fixed assets will be 1.6%,” the website of the Ministry of Finance of the Republic of Armenia reports.According to forecasts, in the medium term, the growth of capital investments will be provided by the non-oil and gas sector. “In particular, it is predicted that in 2027 …

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South Caucasus News

SOFAZ budget for 2024 is projected with a deficit


101900068323.webp Revenues of the State Oil Fund of Azerbaijan (SOFAZ) for 2024 are projected at 12 billion 73 million 255.5 thousand manats, expenses – 12 billion 861 million 986 thousand manats.SOFAZ’s revenues for the next year are calculated from the average oil price of $60 per barrel, the data published on the website of the Ministry of Finance.Thus, the SOFAZ budget deficit in 2024 is projected to amount to 788 million 730.5 thousand manats.According to …

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South Caucasus News

The British energy giant has created a company within the framework of the SES construction project in Eastern Zangezur


101900068320.jpg On August 2, 2023, the State Tax Service of Azerbaijan has registered the Azerbaijani representative office of Shafag (Jabrayil) Solar Limited; its official representative is a British citizen Harry Jones (regional president of BP in Azerbaijan, Georgia and Turkey).On June 3, 2021, the Ministry of Energy of Azerbaijan and BP signed an Executive Agreement on cooperation in the field of evaluation and implementation of a 240 MW solar power plant construction …

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South Caucasus News

Azerbaijan’s GDP growth strongly depends on the export price of oil


101900068313.jpg In 2024, Azerbaijan’s GDP growth may accelerate to 3.3% at an oil price of $80 per barrel. Under the baseline scenario based on the oil price of $60 per barrel, Azerbaijan’s GDP growth in 2024 will be 2.4%, and the nominal gross product will amount to 118.4 billion manats, government estimates published on the website of the Ministry of Finance.”With an oil price of $80 per barrel, Azerbaijan’s GDP growth may reach 3.3%, the nominal volume – …

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South Caucasus News

The Daily Beat: 19 October – Civil Georgia


The Daily Beat: 19 October  Civil Georgia

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South Caucasus News

В Карабахском регионе обнаружено значительное количество мин и самодельных взрывных устройств


В Карабахском регионе обнаружено значительное количество мин и самодельных взрывных устройств

Во время осмотра территории в Карабахском регионе Азербайджана инженерно-сапёрными подразделениями нашей Армии были обнаружены склады со значительным количеством мин различного назначения и самодельных взрывных устройств, изготовленных кустарным способом.
Было установлено, что часть мин в обнаруженных складах произведена в Армении в 2021 году, а самодельные взрывные устройства изготовлены кустарным способом из артиллерийских снарядов.
Напомним, что до локальных антитеррористических мер Министерство обороны неоднократно официально сообщало о незаконных военных перевозках из Армении в Карабахский регион.

В Карабахском регионе обнаружено значительное количество мин и самодельных взрывных устройств