Baku Business Center hosted the Azerbaijan-Kazakhstan business forum with the participation of entrepreneurs from the region of Mangistau today.
It Kazakh businessmen discussed with the management of the Fund to promote exports and investment in Azerbaijan (AZPROMO) and the private sector, the prospects for expanding trade and economic relations.
In AZPROMO they told Turan, that Baku is a business delegation of 11 people led by the head of administration of the city of Aktau Edil Zhanbirish. Kazakh businessmen are areas of construction and urban planning, development and landscaping, water and waste management, and recycling of household solid waste, alternative energy, etc.
In 2012, the trade turnover between Azerbaijan and Kazakhstan amounted to $ 393.3 million which is $ 118 million, or 43% more than in 2011 (data from the State Customs Committee of Azerbaijan). Balance in foreign trade has been favor of Kazakhstan - $ 287.7 million in 2012, exports to Kazakhstan decreased by about 9%, and Kazakh exports to Azerbaijan increased by 56.7%.
In 2012, Azerbaijan imported 1.1 million tons of wheat seed and food for a total of $ 265 million in Azerbaijan also received ferrous metals, chemical products, etc. In Azerbaijani exports were fruits and vegetables, sugar, oil, copper ore, etc. - 08D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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