Friday 29 July 2016
 
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Baku

KBR JV awarded contract for Baku oil refinery modernisation

KBR's Socar-KBR joint venture has been awarded a significant project management consultancy (PMC) contract for the Heydar Aliyev Baku oil refinery modernisation project in Azerbaijan.   This award marks the f

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Azeri oil fund's assets drop by 6.4pc to $34.7bn

Azerbaijan's state oil fund's (Sofaz) assets fell by 6.38 per cent to $34.7 billion by October 1 from the start of the year, the fund said, hit by the drop in global oil prices.   Sofaz holds the proceeds

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Bahrain to help organize Azerbaijan’s first F1 race

Bahraini race officials will help organise Azerbaijan’s first Formula One race next year, it has been revealed. Bahraini Ambassador to the UK Shaikh Fawaz bin Mohammed Al Khalifa announced on Twitter that Bahrain was ‘deeply proud

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DI, subsidiaries take part in Baku Build

Dubai Investments, the largest investment company listed on the Dubai Financial Market, is showcasing its capabilities and that of its subsidiaries at a major construction trade exhibition currently underway in Azerbaijan. The Bak

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Flydubai’s first flight touches down in Baku

Flydubai, Dubai’s first low cost airline, made its inaugural flight to the capital of Azerbaijan, Baku, on November 22. The flight arrived in Baku Haydar Aliyev International Airport, with flydubai’s CEO, Ghaith Al Ghaith to officially ina

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Turkey says approaching gas deal with Azeris

Ankara is nearing a deal with Baku on gas transit through Turkey to Europe, Energy Minister Taner Yildiz said, adding there had been much progress since Azerbaijan said it might explore alternative routes. Failure to agree terms for Azerba

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