2025-11-23 08:17 |
Azerbaijan produced 3,330 tons of copper concentrate in January–October 2025. This marks an increase of 3,200 tons, nearly 30 times higher than the 112 tons recorded a year earlier.
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Turkmengas State Concern has invited manufacturers to participate in a tender for the supply of general plant equipment as well as electrical, instrumentation, and automation systems. Interested companies can submit applications before the specified deadline.
Russian oil giant PJSC LUKOIL reported a sharp reversal into a deep net loss for the full year 2025, even as its operating profit remained positive.
PJSC LUKOIL experienced a significant drop in its shareholders’ equity in 2025, primarily because of a sharp decrease in other reserves.
Azerbaijan's mining sector shows significant growth in copper concentrate production, contributing to an overall increase in the value of mining industry output for the year.
In 2025, PJSC LUKOIL improved its financial situation by reducing its overall liabilities by around 25%.
In 2025, remittances flowing from Canada to Azerbaijan experienced growth, constituting a minor segment of the overall foreign remittance landscape. Conversely, the prior year experienced a downturn in these remittances.
Russian LUKOIL saw a significant contraction in its balance sheet in 2025, with total assets decreasing by more than 41% year-on-year.