From January to August 2015 Azerbaijan exported 22,166,644 tons of oil, down 2.7% against the same period in 2014.
According to the meters of the Azerbaijan State Customs Committee, from January to August 2015 18,092,965 tons of oil was exported via the Baku-Tbilisi-Ceyhan oil pipeline (of which 1,348,745 tons of gas condensate from the Shah Deniz field), 2,809,029 tons via the Baku-Supsa oil pipeline, 847,107 tons via the Baku-Novorossiysk oil pipeline and 417,543 tons to the Georgian ports by railway.
According to the Customs Committee, during this period 14,910,250 tons of oil to the amount of $6,394,879,077 has been exported on the basis of the customs declarations. This means that 1 ton of Azerbaijani oil was exported on average for $428.89 or $57.95 per barrel.
During six months this year Azerbaijan exported its oil at the price of $59.30 per barrel.
According to the Customs Committee, from January to August 2015 oil products export from Azerbaijan totaled 1,506,120 tons to the amount of $534,354,059.—0—
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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