From January to November 2013 Russia has increased oil production with gas condensate by 0.95% against the same period last year up to 478,285,000 tons, according to the Central Dispatcher Department of the Russian fuel and energy complex.
During this period delivery of oil for refining in Russia increased by 3.41% and totaled 250,148,000 tons. Primary oil refining at Russian oil refineries increased by 2.59% up to 248,300,000 million tons.
According to the same source, during this period Rosneft company extracted 186,419,000 tons (growth by 0.32%), LUKoil – 78,463,000 tons (growth by 1.33%), Surgutneftegas – 56,226,000 tons (growth by 0.07%), Gasprom Neft – 45,081,000 tons (decline by 0.63%), Tatneft – 24,175,000 tons (growth by 0.41%), Rusneft – 8,000,090 tons (decline by 0.03%) and Bashneft – 14,665,000 tons (growth by 3.91%).
According to the Department, in 2012 Russia increased oil production by 1.3% up to 518 million tons, while export decreased by 1% and totaled 239.6 million tons. Russian Ministry of Energy expects that till 2020 oil production will total 505,000,000-510,000,000 tons a year, reported http://oilru.com.--0--
Economics
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On December 10, President Ilham Aliyev of Azerbaijan has signed a decree amending the 2014 presidential order on the management of the Shah Deniz Phase 2 gas-condensate field and Southern Gas Corridor (SGC) projects, granting the State Oil Company of Azerbaijan (SOCAR) expanded control to ensure financial consolidation.
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In the period from January to November 2024, Azerbaijan's exports not related to oil and gas increased by 1.9% compared to the same period in 2023, reaching a total value of $3.1 billion. This growth, noted in the latest "Export Survey" published by the Center for Analysis and Communication of Economic Reforms, reflects the country's diverse and expanding export portfolio.
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In a significant step towards fostering cashless transactions, Azerbaijan has extended its innovative "Return VAT" program to include real estate purchases. Between January and November 2024, citizens recovered 160.3 million manat through the program, marking a notable milestone in the government’s efforts to promote digital payments and enhance consumer benefits.
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Entrepreneurs operating in markets across Azerbaijan will be required to register for taxation. Failure to do so will result in a financial penalty of 2,000 manat for each unregistered entrepreneur, imposed on market owners or administrators. This requirement is included in proposed amendments to the Tax Code, set to be discussed in Parliament.
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