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
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review