During 2015 5.2 million tons of Turkmen and Kazakh oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline, according SOCAR.
In December 2015 316,340 tons of Turkmen and Kazakh oil was transported via BTC.
Turkmen oil transportation via BTC started in July 2010, while Kazakh oil since November 2013.
SOCAR Trading SA is in charge of Turkmen oil transportation to Baku and then to Ceyhan port.-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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