From January to June 2015 SOCAR has exported 595,542 tons of oil products to the world markets, up 5.7% against the same period in 2014.
SOCAR press office reported that in the export structure share of diesel fuel totaled 491,855 tons, aviation fuel- 103,509 tons and black oil – 178 tons.
In June 2015 SOCAR exported 11,222 tons of oil products and the entire volume fell to the diesel fuel.
SOCAR reported that in June average price of non-ethylized petrol at the world markets was $688.92 per 1 ton, aviation fuel - $576.85 per 1 ton, diesel fuel - $561.82 per 1 ton and black oil with 1% sulfur content - $331.98 per 1 ton.
In 2014 the company exported 1,199,543 tons of oil products.—0—
Economics
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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.
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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.
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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.
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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.
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