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  • Poland's PKN Orlen Invited To Build Ukraine Refinery
    Ukraine has invited Polish oil company PKN Orlen (PKN.WA) to help build a new refinery to process crude from Azerbaijan, daily Rzeczpospolita reports Wednesday, citing company sources. Orlen Deputy President Cezary Filipowicz told the daily the company
  • Azerbaijan confirms energy co-operation agreement with Romania
    The President of Azerbaijan, Ilham Aliyev, confirmed the Agreement on Co-operation between the Ministry of Industry and Energy of Azerbaijan and Ministry of Economy and Finance of Romania, which was signed on 12 March in Bucharest. The Ministry of
  • Azerbaijan suspends carriage of Russian cargoes for Bushehr NPS
    MOSCOW, May 4 (Itar-Tass) - The delivery of Russian cargoes via Azerbaijan for the Bushehr nuclear power station has been suspended, Itar-Tass learnt on Sunday at the press service of the Russian Atomstroiexport Company, the general contractor of the
  • South Stream Pipeline Won't Upstage US-backed Pipe - Greece
    ATHENS (AFP)--A Greek minister Monday said taking part in the South Stream gas pipeline from Russia to Italy won't interfere with its obligations to another, U.S.-backed pipeline from Azerbaijan via Turkey to Italy. 'These two projects supplement each
  • Azerbaijan Releases Materials for Iran's Bushehr Nuke Plant
    BAKU, Azerbaijan The cargo passed through the Astara customs checkpoint on the border with Iran, said the official with Azerbaijan's State Customs Committee. He spoke on condition of anonymity since he was not authorized to speak to the media. Azerbaijan
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Azerbaijan - a nation of Turkic Muslims - has been an independent republic since the collapse of the Soviet Union in 1991. Despite a cease-fire, in place since 1994, Azerbaijan has yet to resolve its conflict with Armenia over the Azerbaijani Nagorno-Karabakh enclave (largely Armenian populated). Azerbaijan has lost almost 20% of its territory and must support some 750,000 refugees as a result of the conflict. Corruption is ubiquitous and the promise of wealth from Azerbaijan's undeveloped petroleum resources remains largely unfulfilled.

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