According to the meters of the Azerbaijan State Customs Committee, during 11 months, 2012 Azerbaijan exported 32,020,438 tons of oil. Oil export declined by 8.5% against the same period last year.
During this period the declared volume of exported oil totaled 22,481,351 tons to the amount of $18,786,613,600.
Of total volume of export 1,827,712 tons was exported via the Baku-Novorossiysk pipeline and 3,615,980 tons via the Baku-Supsa pipeline. During the same period 25,655,928 tons of oil was exported via the Baku-Tbilisi-Ceyhan pipeline and 920,817 tons by railway.
In 2011 the declared volume of oil export from Azerbaijan totaled 37,045,000 tons. Of this volume 27,825,000 tons of oil to the amount of $22,911,000,000 has been exported.-0--
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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