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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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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