AIH Supervisory Board takes decision on Caspian Shipping Company and AZAL

The Azerbaijani government has included a pessimistic forecast for the decline in hydrocarbon production in the country from 2025 to 2028 in the budget package of documents submitted for parliamentary review, Turan has learned.

Azerbaijan has experienced steady growth in the steel production sector, with significant increases recorded in the first half of 2024, according to the State Statistics Committee. In the metallurgical industry, production volumes rose by 32%, while the output of finished metal products increased by 13.9% compared to the same period in 2023.

Azerbaijan’s aluminum production surged by 65.7% in the first nine months of 2024, reaching 47,435.3 tons, compared to the same period last year, according to official data. The sharp increase is attributed to expanded production capacity and rising demand for aluminum products across various sectors, including construction and automotive.

According to official data, cement production in Azerbaijan has shown steady growth, reaching 3.421 million tons from January to October 2024, an increase of 11.2% compared to the same period in 2023.