During 8 months azerbaijan extracted over 29 million tons of oil
From January to August 2013 the country extracted 29,121,300 tons of oil. The oil production decreased by 300,000 tons or by 1% against the same period last year.
Azerbaijan Stat Statistical Committee reported that in August the country produced 3,643,100 tons of oil.
In 2012 Azerbaijan extracted 42,984,900 tons of oil. In 2011 it produced 45,370,900 tons of oil, but in 2010 oil production totaled 50,834,300 tons.-0-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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