From January to June 2012 oil production in Azerbaijan totaled 22.2 million tons, down 7.1% against the same period in 2011, reported the Azerbaijan State Statistical Committee.
According to the Committee, during this period the country produced 23.88 million tons of oil. During this period in 2010 a total of 25.33 million tons of oil was produced in the country. The officials did not comment such a rapid decline of oil production.
Azerbaijan State Statistical Committee also said that during this period production in the oil industry dropped by 5.2%.
According to the Committee, during six months this year the country produced 8.8 billion cub.m. of natural tank gas (during the same period last year production of natural gas totaled 12.9 billion cub.m.).
From January to June 2012 volume of industrial production totaled 17.5 billion AZN, down 3% against the same period in 2011. 77.1% of industrial production fell to the production industry and 17.6% to the refining industry.—0---
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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