Turkmenistan and China have expressed their mutual interest in developing cooperation in the oil and gas sector.

Azerbaijan and Russia supported an offer to increase the number of permits for international cargo transportation by vehicles by 5,000, the Russian Federal Service for Supervision of Transport said.

On June 8, price of Brent contracts hit above $52 a barrel and on Tuesday, $51 a barrel.

Azerbaijan's state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of the company's development strategy that will give impetus to hydrocarbon production growth in the country.

Turkey has increased volume of natural gas it buys from Azerbaijan while reducing gas purchases from Russia.

Although lightning is accepted as one of the most spectacular sights in nature, it remains one of the most terrible and unpredictable natural phenomena.

The gold reserves of Azerbaijan have increased twice during the last years. The reason is the exploration of new fields held throughout the territory of the country, Huseyngulu Bagirov, the Minister of ecology and natural resources told the New Azerbaijan Party.

The balance has already begun to be restored in the oil market, and the increase in oil prices is inevitable, Cyril Widdershoven, investment consultant in the energy sector told to Trend news agency.

The Georgian government intends to increase the country’s tax revenue by 120 million lari (some $50 million) for 2015.

The International Monetary Fund expects the growth in Georgia’s economy by more than 2 percent over the current year, said IMF representative Azim Sadikov.