During 9 months volume of stock tank oil totaled 32 million tons, reported Azerbaijan State Statistical Committee
From January to September 2014 Azerbaijan has extracted 32,147,000 tons of oil and condensate, reads the monthly report of the Azerbaijan State Statistical Committee.
The production declined by 1.9% against the same period last year.
In September 2014 3,472,600 tons of oil was extracted against 3,751,500 tons in August (the best level this year).
According to the State Statistical Committee, during 9 months, 2014 the volume of stock tank oil totaled 32,020,700 tons, down 1.6% against the same period last year.—0---
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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