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
-
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.
-
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.
-
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.
-
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.
Leave a review