During 11 months, 2013 SOCAR exported 1,581,660 tons of oil from the Novorossiysk port, 2,483,731 tons from the Supsa port and 18,280,943 tons from the Ceyhan port, reported SOCAR’s press office.
Oil export from the Novorossiysk port decreased by 13.7% against the same period last year, from Supsa port – by 3.7% and from Ceyhan port – by 1.4%.
The index of crude oil export reflects the volume of profitable oil of both SOCAR and the state.—0---
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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