From January to November 2013 Baku’s oil refineries, which are a part of SOCAR, have made 1,410,000 tons of petrol.
According to the State Statistical Committee, during 11 months 1,170,000 tons of petrol and 109,700 tons of virgin petrol for the chemical industry have been manufactured.
The petrol manufacture increased by 8.9%, while virgin petrol production dropped by 8.5%.
In 2012 SOCAR made 1,444,000 tons of petrol. During last year 1,296,000 tons of petrol and 148,200 tons of virgin petrol was manufactured.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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