Azerbaijan exported in January-September this year, petroleum products worth more than $ 22.55 billion, up $ 897 million or 3.8% less than the figure for the corresponding period in 2012 . Share of oil exports amounted to 94.7 % of the total merchandise exports of the country , which is 0.7 % less than in the previous year.
According to the balance of payments, the total volume of oil exports during the reporting period $ 20.3 billion (for three quarters of 2012 - $ 21.3 billion), or 94.4 % accounted for crude oil, $ 1.2 billion was th share of petroleum products. In the structure of exports of crude oil price produced by the Azerbaijan International Operating Company (AIOC) oil was $ 19.1 billion ($ 20.1 billion). In the reporting period, other companies of the country exported oil at $ 1.2 billion, including $ 1,015.5 million - State Oil Company.
Gas exports in the first nine months amounted to about $ 1,045 million is 11% more than in the comparable period last year. - 15B-
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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