From January to October 2014 Azerbaijan exported 28,225,333,700 tons of oil.
According to the State Customs Committee, during 10 months export of Azerbaijan oil decreased by 1.9% against the same period last year.
According to the meters of the State Customs Committee, during this period 23,057,492 tons of oil was exported via the Baku-Tbilisi-Ceyhan oil pipeline, 3,563,963 tons via the Baku-Supsa oil pipeline, 848,519 tons via the Baku-Novorossiysk oil pipeline and 755,358 tons by railway to the Georgian ports.
During this period the declared volume of exported oil totaled 20,268,046 tons to the amount of $16,295,000,000.
Considering this data, Turan calculated that during 9 months, 2014 average export price of Azerbaijani oil totaled $108.64 per barrel.---0—
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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