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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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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