From January to November 2013 2,518,000 tons of Turkmenistan oil was pumped via the Baku-Tbilisi-Ceyhan (BTC), reported SOCAR press office.
According to SOCAR, in January 2013 196,147 tons of Turkmenistan oil was pumped via BTC, in February – 301,703 tons, in March -276,523 tons, in April – 269,618 tons, in May – 279,298 tons, in June – 270,035 tons, in July – 251, 713 tons, in August – 201,401 tons, in September – 200,688 tons, in October – 90,342 tons and in November – 185,054 tons.
The transportation of Turkmenistan oil via BTC started in July 2010.
At present oil extracted from the block of fields Azeri-Chirag-Guneshli (ACG), condensate from the gas condensate field Shah-Deniz in the Azerbaijani sector of the Caspian Sea and Turkmenistan oil is transported via BTC.—0—
Economics
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On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
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In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
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In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
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Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
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