From January to May 2015 SOCAR has shipped 7,278,248 tons of Azerbaijani oil from the Ceyhan terminal, down 13.8% against the same period last year.
SOCAR press office reported that in May 2015 SOCAR has shipped 1,352,966 tons of oil from the Ceyhan terminal.
In 2014 20,483,248 tons of Azerbaijani oil was shipped from the Ceyhan oil terminal.
The length of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline is 1768 km, of which 443 km lie in Azerbaijan, 249 km in Georgia and 1076 km in Turkey. The carrying capacity of the pipeline is over 50 million tons of oil a year.
The project partners include BP (30.1%); SOCAR (25%); Chevron (8.9%); Statoil (8.71%); TPAO (6.53%); ENI (5%); Itochu (3.4%); ConocoPhillips (2.5%); INPEX (2.5%), Total (5%) and ONGC (2.36%). –0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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