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 began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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