During 9 months oil production in Azerbaijan dropped by 2%
From January to September 2015 production of tank oil in Azerbaijan, including gas condensate, totaled 31,378,900 tons (reduction by 2%). During the same period last year the country produced 32,020,700 tons of tank oil, a source from the Azerbaijan State Statistical Committee told Turan.
According to the Statistical Committee, during 2014 Azerbaijan extracted 41,892,900 tons of oil, down 2.8% against 2013.
According to the government’s forecasts, in 2015 tank oil production in Azerbaijan wil total 41,234,000 tons.—0—
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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