From January to October 2012 Azerbaijan manufactured 1,968,000 tons of diesel fuel, down 5.8% against the same period last year, according to the Azerbaijan State Statistical Committee.
In 2011 Azerbaijan produced 2,049,000 tons of diesel fuel, up 70,000 tons against the same period in 2010. All products were manufactured at the Heydar Aliyev oil refinery.
During this period the country also manufactured 531,200 tons of aviation kerosene, up 1.6% against the same period in 2011. During 2011 SOCAR manufactured 621,500 tons of aviation kerosene. Production of aviation kerosene increased by 3.4% against 2010.-0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review