2025-12-10 04:21 |
Iran plans to launch the development of its Yadavaran oil field in mid-January. The project will involve drilling and upgrading 24 new wells, with a goal to boost production by 42,000 barrels per day.
The development will be carried out by Iran's Bina-EPC Company and Khatam al-Anbiya Construction Headquarters. .
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Iran and Iraq are set to start the second phase of the Azar (Badra) joint oil field soon. The plan includes drilling 19 new wells and installing pumps. Production is expected to rise by 30,000 barrels per day. trend.az »
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Iran aims to boost trade by developing its tech sector, with exports currently at $528 million. The country plans to establish innovation centers, including one in West Azerbaijan, and enhance cooperation with T's tech sector employs 161,000 people across 15,000 companies. trend.az »
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Iran’s Hamadan Province has attracted $27 million in Chinese investment this month, funding two industrial plants that will create over 400 jobs. trend.az »
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The escalating conflict in the Middle East, coupled with Iran's nuclear advancements and military engagements, is exerting substantial pressure on global commodity markets, particularly energy, with rising oil prices and potential disruptions to regional trade routes.
Remittances between Azerbaijan and Kazakhstan showed a significant increase in 2025, with more funds flowing from Kazakhstan to Azerbaijan than vice versa.
Sweden’s direct investments in Azerbaijan experienced significant growth in 2025, contributing to the country’s overall foreign direct investment landscape, while Azerbaijan also increased its outbound investments.
Uzbekistan’s trade with China climbed sharply in early 2026, underscoring the country’s growing reliance on its largest economic partner
Ongoing modernization of Kazakhstan’s aging energy infrastructure represents a significant investment opportunity while supporting regional electricity trade and system efficiency.
Remittances sent from Azerbaijan to Germany increased over the past year, even as flows in the opposite direction recorded a slight decline, according to data from the Central Bank of Azerbaijan.
Uzbekistan recorded steady growth in oil and petroleum trade in early 2026, with rising exports accompanied by a sharp increase in imports-particularly gasoline.