From January to September 2013 State Oil Company of Azerbaijan (SOCAR) shipped 1,327,517 tons of oil from the Novorossiysk port via the Baku-Novorossiysk oil pipeline, down 7.5% against the same period last year, reported SOCAR.
In September 2013 SOCAR shipped 162,821 tons of Azerbaijani oil from the Novorossiysk port.
Since 1997 Azerbaijan has been transporting its oil via the Baku-Novorossik pipeline. Till September 1, 2013 over 20 million tons of Azerbaijani oil has been delivered to the world markets via the northern route. In 2012 SOCAR exported 2,064,000 tons of oil via the Baku-Novorossiysk oil pipeline.
In 2013 SOCAR is expected to transport 1.8 million tons of Azerbaijani oil via the Baku-Novorossiysk oil pipeline.—0—
Economics
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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