From January to May 2015 Azerbaijan exported 13,869,064 tons, down 3.2% against the same period in 2014.
Azerbaijan State Customs Committee reported that according to the meters, during 5 months, 2015 11,024,378 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline (including 907,398 tons of gas condensate from the Shah Deniz field), 1,833,072 tons of oil via the Baku-Supsa oil pipeline, 594,071 tons via the Baku-Novorossiysk oil pipeline and 417,543 tons by railway to the Georgian ports.
According to the Committee, from January to May 2015 the volume of declared exported oil totaled 9,698,937 tons to the amount of $4,035,238,002. One can conclude on the basis of this information that since early year average export price of Azerbaijani oil was $417.05 per 1 ton or $56.22 per barrel.
According to the Committee, from January to May 2015 oil products export from Azerbaijan totaled 1,064,286 tons to the amount of $378,560,046.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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