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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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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