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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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