According to the measuring devices of the State Customs Committee of Azerbaijan, during 6 months, 2012 the country has exported 18,171,106.4 tons of crude oil.
According to the state customs, during this period the declared volume of oil totaled 12,716,602.2 tons to the amount of $10 billion 995,605,770. Considering this information, during 6 months, 2012 average export price of Azerbaijani oil was $864.66 per ton or $116.85 per barrel.
According to the state customs, during 2011 Azerbaijan exported 37,450,57.4 tons, of which only 27,825,272.2 tons to the amount of $22 billion 911,440,600 was declared. According to the customs statistics, during 2011 average export price of Azerbaijani oil was $111.27 per barrel.
* This year average export oil price was forecasted at $100 per barrel during drafting of the state budget of Azerbaijan.—0—
Economics
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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