From January to September 2013 deliveries of oil products to the local market of Azerbaijan totaled 3,857,600 tons, up 8.9% against the same period last year.
Deliveries of diesel fuel to the local market totaled 1,047,700 tons, petrol – 1,028,500 tons, kerosene – 405,300 tons, black oil – 162,700 tons, oil bitumen – 236,200 tons, liquefied gas – 120,400 tons and other oil products – 856,800 tons, reported the Azerbaijan State Statistical Committee.
The oil products consumption has increased at the local market mainly because of the two factors: a significant growth of cars in the country and poorly developed road infrastructure, which causes traffic jams and excessive consumption of oil products.—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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