From January to April 2016 9,815,567 tons of Azerbaijani oil has been pumped via the Baku-Tbilisi-Ceyhan (BTC) pipeline, up 2.6% against the same period last year.
Press office of State Oil Company of Azerbaijan (SOCAR) reported that since launching of the pipeline on June 4, 2006 till May 1, 2016 the volume of oil pumping totaled 302,490,956 tons, of which 2,502,255 tons in April.
In April 2016 350,862 tons of Turkmen oil was transported via the BTC.—0—
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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