An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation said in a statement this week, adding that production was now down to below 100,000 bpd, at 89,993 bpd as of Sunday. “NOC calls on all parties within Libya to lift the blockade and re-start oil and gas production, so every Libyan can benefit from a stronger economy and a more steady supply of fuels,” the statement read. Unfortunately, this could not have come at a worse…
TEHRAN – Ex-Iranian lawmaker and senior energy expert says despite some concerns about Iran's economy under coronavirus pandemic and the cut in its oil revenues, the country has planned a budget which is the most oil-independent one in its history.
The Operational Headquarters under the Azerbaijani Cabinet of Ministers has issued a warning over violation of the special quarantine regime restricting residents’ movement that entered force on April 6.
U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. “I think the cuts are automatic if you are a believer in markets,” Trump said at his daily coronavirus press briefing. He also added that the U.S. had not been officially asked to take part in any production cuts. “If they ask me, I’ll make a decision,” the U.S. President said. Trump’s remarks follow a meeting with U.S. oil producers last week, at…
Medical masks that are being produced in Azerbaijan, will go to pharmacies in a week, Director of Baku Textile Factory LLC Sakina Babayeva said at a press tour at the enterprise for the production of medical masks, Trend reports on April 7.
Azerbaijan is considering the possibility of applying an amnesty of capital and property to continue to ensure the economic growth and expand financial resources for investments, Vusal Gasimli, executive director of the Azerbaijani Center for Economic Reforms Analysis and Communication said
Azerbaijani Ministry of Internal Affairs has fined 3,796 people and detained six other citizens who were violating the quarantine regimes imposed in the country over the spread of novel coronavirus, the ministry reported in its official website on April 6.
Journalist Anastasia Petrova died in a hospital in the Russian city of Perm on March 31. The official cause of death was pneumonia, but officials later acknowledged that the 36-year-old had tested positive for the coronavirus. In social-media notes and texts to friends, Petrova left a moving diary of her illness and treatment.
In most countries, there is a shortage of medical masks and other accessories due to the sharp increase in demand for these goods amid coronavirus spread, while the countries manufacturing these products, along with the suspension of export, also refuse to sell equipment for production of these goods and raw materials.
A monitoring group has been created in the Azerbaijani Ministry of Justice to monitor the situation in correctional facilities in connection with coronavirus, Member of the Public Committee that oversees correctional facilities under the Ministry of Justice Almammad Nuriyev said, Trend reports on April 7.
A United Nations investigation has concluded the Syrian government or its allies was likely responsible for attacks on a school, a hospital, and two other civilian facilities, but the probe avoided specifically blaming Syria's main military sponsor, Russia, drawing rebukes from rights activists.
Up until now, Azerbaijan has been importing medical masks, however, with the launch of new local enterprise for manufacturing the masks domestically, we will be able to provide for ourselves without imports, Deputy Minister of Economy Niyazi Safarov said at a press tour at the enterprise for the production of medical masks, Trend reports on April 7.
A mechanism of proactive appointment will be created in Azerbaijan and the coverage of insurance payments on unemployment will be expanded from April through December 2020, Trend reports citing the Cabinet of Ministers.