During six months, 2016 SOCAR exported 643,145 tons of products of oil refining and petrochemistry to the foreign markets.
SOCAR press office reported that during this period the following products were exported – 389,223 tons of diesel fuel, 128,738 tons of aviation fuel, 2,298,000 tons of black oil, 46,896 tons of high pressure polyethylene, 7,385 tons of absolute isopropyl spirit, 35,215 tons of liquid pyrolized resin, 23,245 tons of propylene and 10,085 tons of butylene of butadiene fraction.
In 2015 SOCAR exported 1,226,212 tons of oil exported.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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