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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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