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
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
Leave a review