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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From December 1, 2024, the State Oil Company of the Azerbaijan Republic (SOCAR) has commenced gas deliveries to Slovakia under an agreement reached in November with SPP, Slovakia's state-owned energy firm, SOCAR announced in a press release.
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Azerbaijan is set to witness a surge in beer production over the next four years, according to government forecasts for 2025-2028. The projected rise underscores the country’s shift toward boosting its brewing industry, supported by agricultural initiatives aimed at increasing barley and hops cultivation.
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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.
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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.
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