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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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