During 9 months, 2014 average export price of Azerbaijani oil totaled $109.85 per barrel
From January to September 2014 export of Azerbaijan oil totaled 25,427,885 tons, down 1.9% against the same period last year.
According to the meters of the Azerbaijan State Customs Committee, from January to September 2014 20,757,673 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline , 3,187,353 tons via the Baku-Supsa oil pipeline, 763,594 tons via the Baku-Novorossiysk oil pipeline and 719,265 tons of oil by railway to the Georgian ports.
According to the same source, during this period the volume of declared exported oil totaled 18,229,143 tons to the amount of $14,818,400,700. This means that since early year Azerbaijan exported oil at an average price of $812.89 per ton or $109.85 per barrel.—0--
Economics
-
The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
-
Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
-
The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
-
In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
Leave a review