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
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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