During 2012 Azerbaijan exported a total of 1,614,136 tons of oil products, reported the State Customs Committee.
As compared to 2011 the volume of export of Azerbaijani oil products decreased by 370,000 tons.
According to the State Customs, in 2012 Azerbaijan's incomes from the oil products export totaled $1,321,209,078.
During 2011 Azerbaijan exported a total of 1,984,000,000 tons of oil products to the amount of about $1,527,000,000. This means that the country's incomes from oil products export decreased by $205.8 million.
* Reduction of the Azerbaijani oil products export is connected with a growth of their consumption at the local market of the country.-0-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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