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Economic Development in Azerbaijan

SOCAR AMMONİA VE UREA COMPLEX (SAS) PROJECT

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C-Check performed on Boeing 787-8 Dreamliner in Azerbaijan for the first time in the CIS

Azerbaijani "Silk Way Technics" company, for the first time among the CIS countries performed base maintenance in the C-Check volume on a modern Boeing 787-8 "Dreamliner".

As part of the C-Check base maintenance, a total of 1,679 hours were spent on scheduled and 174 hours - unscheduled work.

This maintenance is one of the most thorough and complex types of validation of efficiency of all systems, equipment and structure of the aircraft. It is performed at strictly defined intervals, measured by the number of flight hours, the number of landings, or the aircraft's operating time. This form of maintenance is much more labor-intensive and strictly periodic.

It should be noted that earlier "Silk Way Technics" performed a similar base maintenance on Boeing 747-8 aircraft.

https://www.azernews.az/travel/124300.html

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Baroness Fairhead announces that @UKEF will double its funding to help UK businesses export to and invest in Azerbaijan from £1.25bn to £2.5bn. UK exports to Azerbaijan were £640m in 2016.

- Department for International Trade

SOCAR, Tecnicas Reunidas ink deal for Baku refinery modernization

Azerbaijan’s state oil company SOCAR has signed an EPC (Engineering, Procurement and Construction) contract with Spanish engineering company Tecnicas Reunidas for reconstruction of units at the Heydar Aliyev Baku Oil Refinery as part of its modernization, said a message posted on SOCAR website Dec. 19.

The refinery is being modernized in order to produce high-quality fuel. The modernization will continue until 2021.

“SOCAR-KBR LLC, a contractor for management of the modernization project, has selected the Spanish company Tecnicas Reunidas as a winner of a tender on an EPC contract for reconstruction of units and general production facilities,” the message said.


The cost of modernization of the refinery is estimated at about $1.5-1.7 billion. The exact cost will be known once all EPC contracts are awarded.

After modernization, the production capacity of the refinery will increase from 6 million to 7.5 million tons per year, and its operational period will increase to 2040.

https://en.trend.az/business/energy/2837704.html

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C-Check performed on Boeing 787-8 Dreamliner in Azerbaijan for the first time in the CIS

Azerbaijani "Silk Way Technics" company, for the first time among the CIS countries performed base maintenance in the C-Check volume on a modern Boeing 787-8 "Dreamliner".

As part of the C-Check base maintenance, a total of 1,679 hours were spent on scheduled and 174 hours - unscheduled work.

This maintenance is one of the most thorough and complex types of validation of efficiency of all systems, equipment and structure of the aircraft. It is performed at strictly defined intervals, measured by the number of flight hours, the number of landings, or the aircraft's operating time. This form of maintenance is much more labor-intensive and strictly periodic.

It should be noted that earlier "Silk Way Technics" performed a similar base maintenance on Boeing 747-8 aircraft.

https://www.azernews.az/travel/124300.html

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I always loved the paintjob of Azeri Airline.
 
3rd satellite for Azerbaijan - Azerspace-2 - ready for launch

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SOCAR and IBM have announced the establishment of a joint venture called Caspian Innovation Center LLC for the purpose of building and operating a competitive analytics and delivery center to provide IT, business transformation and business consulting services in Azerbaijan, the Caspian Region and other countries.

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Currency reserves of the Central Bank of Azerbaijan (CBA) increased by $1.36 billion (34.2 percent) during 2017, according to statistical data posted on the CBA website on January 15.

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https://www.azernews.az/business/125525.html
 
These wide innercity roads, I dont like them, they scream Soviet influence. Reminds me of some roads in eastern German cities.

City should be pedestrian friendly first.

But needless to say the city looks more organized and tidy than any Turkish city I've been.
 
Azerbaijan's $25m wind expansion

The plans form part of the existing state strategy for the development of renewable energy sources in Azerbaijan, and in particular wind power.

Following the investment, the Yeni Yashma project in Khizi, 100km northwest of Baku is set to be expanded from 20 turbines to 34-40 turbines.

This will allow its capacity to increase from the current 50MW to 70-80MW.

Elsewhere, an expansion is also planned for a second wind project, also located in the Khizi district. It is currently comprised of two wind turbines, however it is planned this will increase up to 16 units by the middle of the current year.

Total potential of renewables in Azerbaijan exceeds 12GW, while the potential of wind power is estimated at 3.5GW.

As part of the plans, the Azerbaijanian government is further investigating wind sites along the coast of the Caspian Sea.

https://www.windpowermonthly.com/article/1455374/azerbaijans-25m-wind-expansion

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