From January to July 2016 SOCAR has exported 692,694 tons of oil products to the foreign markets.
SOCAR press office reported that during this period SOCAR has exported 415,978 tons of diesel fuel, 133,539 tons of aviation fuel, 2,005 tons of heating fuel, 55,800 tons of high pressure polyethylene, 8,655 tons of absolute isopropyl spirit, 35,215 tons of liquid pyrolized resin, 28,171 tons of propylene, 13,271 tons of butylene of butadiene fraction and 0,006 tons of absolute diisopropyl spirit.
SOCAR reported that in July average price of ethylated petrol at the world markets was $440.3 per ton, aviation fuel - $419.26, diesel fuel- $389.43, black oil with 1% sulfur content - $243.33, high pressure polyethylene - $1160, butylene of butadiene fraction - $440.57, liquid pyrolized resin - $440.3, propylene – 670 Euro and absolute isopropyl spirit – 920 Euro per 1 ton.
In 2015 the company exported 1,226,212 tons of oil products.—0—
Economics
-
The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
-
The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
-
Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
-
Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
Leave a review