The Russian direction of Azerbaijani oil export continues declining.
According to the information released by SOCAR, from January to June 2014 508,222 tons of oil was shipped from the Novorossiysk port, where Azerbaijani oil is delivered via the northern export route (Baku-Novorossiysk pipeline). The volume of shipment decreased by 38.5% against the same period in 2013.
In June 2014 SOCAR shipped 84,577 tons of Azerbaijani oil from the Novorossiysk port.
During 2013 Azerbaijan delivered 1.75 million tons of oil through the Russian port to the world markets. This year it is planned to export a little bit more than 1 million tons (monthly quote 85,000 tons).—0—
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review