In January-November 2016, Azerbaijan produced 37 million 717.2 million tons of oil and condensate, which is 1.5% less than the same period last year. This was reported in the monthly report of the State Statistics Committee of Azerbaijan.
During the reporting period, Azerbaijan produced 37 million 670.4 thousand tons of commercial oil, which was also 1.5% less than in January-November 2015.
In November Azerbaijan produced 2 million 994.4 thousand tons of commercial oil. Compared to November 2015, the commercial oil volumes decreased by 290.9 thousand tons, or 8.85%. -12B-
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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