Azerbaijan increased oil products manufacture this year at the expense of black oil
From January to October 2015 oil products manufacture in Azerbaijan increased by 3.6% against the same period last year, reported the Azerbaijan State Statistical Committee.
The black oil production had the highest growth - up to 302,900 tons (from January to October 2014 black oil was absent in the in the graph).
From January to October 2015 petrol production declined by 0.3%, virgin oil – by 5%, diesel fuel – by 0.9%, kerosene – by 2.4%, lubricating oils – by 57.2% and oil bitumen – by 32.3%.
Oil products production (thousand tons) | From January to October 2015 | January-October 2014 |
| 4583,7 | 4422,3 |
Petrol | 1 020,5 | 1 023,6 |
Naphtha | 162,5 | 171,1 |
Kerosene | 573,5 | 587,9 |
Diesel fuel | 2 362,8 | 2 384,2 |
Black oil | 302,9 | – |
Lubricating oils | 19,5 | 45,6 |
Oil bitumen | 142 | 209,9 |
The only manufacturer of oil products in Azerbaijan is SOCAR. The oil is refined at the Baku oil refinery named after Heydar Aliyev. In 2014 the plant refined about 6.41 million tons of oil.
According to the State Statistical Committee, only in 2014 the country made over 5.3 million tons of oil products and 5.09 million tons in 2013.—0—
Economics
-
The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
-
The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
-
Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
-
Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
Antiterror əməliyyatlarının bir ili, Suverenlik günü... – Elxan Mehdiyev Çətin sualda
News Line
-
- Social,
- 14:01
- 167
Leave a review