From January to June 2014 State Oil Company of Azerbaijan (SOCAR) has shipped from the Novorossiysk port in Russia 593,025 tons of oil exported via the northern route ( Baku-Novorossisk oil pipeline).
SOCAR reported that the volume of shipment decreased by 40.4% against the same period in 2013.
In July 2014 84,803 tons of Azerbaijani oil was shipped by SOCAR from the Novorossiysk port.
Azerbaijan transports its oil via the Baku-Novorossisk pipeline. The transit fee for pumping Azerbaijani oil via the Russian territory remains actually unchanged – about $16.00 per 1 ton.
In 2013 export of Azerbaijani oil via the Baku-Novorossisk pipeline totaled 1,751,023 tons.—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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