During 2014 298.5 million barrels of oil was exported from the Sangachal oil terminal via the pipelines and by railway against 286.2 million barrels of oil exported in 2013, reads the BP-Azerbaijan company’s report about results of activities in Azerbaijan in 2014.
Of total volume 260 million barrels of oil was exported from the terminal via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, 31.4 million barrels via the Baku-Supsa pipeline, 5.3 million barrels was exported by railway and 1.84 million barrels of condensate was exported via BTC.
In 2013 286.2 million barrels of oil was exported from the Sangachal terminal via pipelines and by railway against 282.9 million barrels in 2012.
At present total capacity of the technical refining systems of the terminal is 1.2 million barrels of oil a day and for gas from the Shah Deniz field – 29.5 million cub.m. a day (together with associated gas from the bloc of oil and gas fields Azeri-Chirag-Guneshli (ACG) total capacity of processing of the terminal is 49.3 million cub.m. a day).—0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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