From January to October 2015 Azerbaijan extracted 16,392,100,000 cub.m. of tank gas, up 6.2% against the same period last year, reported the Azerbaijan State Statistical Committee.
“In October 2015 the volume of tank gas in the country totaled 1,967,200,000 cub.m.,” reported the Statistical Committee.
During 2013 Azerbaijan extracted 18,827,000,000 cub.m. of tank gas, of which 14.99 billion cub.m. was natural gas and 3,387,000,000 cub.m. – associated gas.
This year Azerbaijan is expected to extract over 20 billion cub.m. of tank gas.—0--
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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