From January to October 2015 US imported 4.82 million barrels of oil from Azerbaijan against 7.35 million barrels during the same period in 2014, reads the information posted on the web site of the US Energy Information Agency (EIA).
The same source said that in October 2015 US imported 1.77 million barrels of Azerbaijani oil against 3.15 million barrels in October 2014.
In 2014 US imported a total of 8.4 million barrels of Azerbaijani oil against 10.41 million barrels in 2013.
* This year US is going to reduce oil import from the traditional suppliers, due to growth of local production for three years running, which has exceeded an average of 1 million barrels. For instance, in summer 2015 US fully suspended oil import from Nigeria. Azerbaijani oil is imported to the US by ExxonMobil company, which extracts oil on the Azeri-Chirag-Guneshli (ACG) offshore bloc.—0-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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