From January to June oil transit via the Georgian pipelines totaled 148 million barrels, down 2% against the same period 2015, reported Georgian Oil & Gas Corporation (GOGC).
During 6 months, 2016 132.4 million barrels of oil was transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline (decline by 1.7%) and 15.6 million barrels via Baku-Supsa pipeline (WREP) to the terminal on the Black Sea coast of Georgia (reduction by 4.3%).
In 2015 oil transit via the Georgian pipelines totaled 293.4 million barrels, up 0.5% against last year. Last year 262 million barrels was transported via BTC (growth by 0.6%), 31.4 million barrels of oil via WREP (similar to 2014).—0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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