The first batch of 3,500 tonnes of methanol was exported to Turkey from Georgia's Black Sea port of Kulevi, which is managed by SOCAR.

The plant's construction, originally planned to start the end of last year, was delayed after BP decided to withdraw from the petrochemical business globally, pulling out of the project.

The Central Bank's monetary policy is expected to focus on inflation control whilst still supporting economic recovery.

Any resumption of hostilities would likely involve the few areas of internationally recognised Azerbaijan still under de facto Armenian control or border areas.