From January to July 2015 the Caspian Pipeline Consortium (CPC) has increased oil pumping by 2.5 million tons up to 25.02 million tons against the same period last year, reads the statistical information of the company.
It was earlier forecasted that in 2015 CPC will increase pumping up to 45-46 million tons against 40 million in 2014.
1511-km-long CPC oil pipeline is the biggest oil transportation route from the Caspian Sea to the Black Sea coast. Oil extracted in Russia is pumped into the system on the Kropotkin oil pumping station in Krasnodar region.
The CPC shareholders include Russia (in the person of Transneft and CPC Company) – 31%, Kazakhstan (represented by KazMunaiGas and Kazakhstan Pipeline Ventures LLC) – 20.75%, Chevron Caspian Pipeline Consortium Company — 15%, LUKARCO B.V. — 12.5%, Mobil Caspian Pipeline Company — 7.5%, Rosneft-Shell Caspian Ventures Ltd — 7.5%, BG Overseas Holding Ltd — 2%, Eni International H.A. H.V. S.ar.l. — 2%, Oryx Caspian Pipeline LLC — 1.75%, reported http://ria.ru. --0--
Economics
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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Azerbaijan has temporarily suspended the import of cattle, poultry, and related products from several regions following outbreaks of foot-and-mouth disease and highly pathogenic avian influenza in Europe, the Middle East, and Africa, the country's Food Safety Agency (AQTA) reported.
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