The growth of cars in Azerbaijan increases demand in fuel at the local market. At the same time this factor reduces the country's export of oil products.
During 11 months, 2012 SOCAR exported 840,284 tons of diesel fuel, down 28.5% or 334,716 tons against January-November 2011.
During this period SOCAR delivered 58,175 tons of automobile petrol to the foreign markets, down 34.6% or 30,845 tons against the same period last year.
During 11 months export of Azerbaijani automobile fuel dropped by 365,561 tons.
Azerbaijan lost a sufficient amount of currency from export of these types of oil products. According to SOCAR, in November 2012 1 ton of diesel fuel at the world market cost $924.73 and automobile gasoline - $932.31.-0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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