During 11 months, 2014 Azerbaijani oil transportation via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline totaled 26,045,242 tons, down 4.5% against the same period in 2013.
SOCAR press office reported that in November 2014 1,719,684 tons of oil was transported via BTC and since launching of the pipeline on June 4, 2006 till December 1, 2014 – 261,186,835 tons of oil.
In November 2014 620,436 tons of Turkmenistan and Kazakhstan oil was also transported via BTC oil pipeline.
Reduction of Azerbaijani oil pumping via BTC pipeline was connected with gradual reduction of production on the offshore bloc Azeri-Chirag-Guneshli.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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