According to the meters of the Azerbaijan State Customs Committee, from January to July 2012 crude oil export totaled 21,142,000 tons. During the same period last year oil export totaled 23,043,000.
The declared volume of Azerbaijani oil export totaled 14,279,000 to the amount of $12,100,000,000. From January to July 2011 16,586,000 tons of oil to the amount of $13,351,000,000 was exported on the basis of customs declarations.
Of total volume of export 1,138,000 tons was exported via the Baku-Novorossiysk pipeline (1,167,000 during the same period last year) and 2,177,000 tons (2,196,000 tons) via the Baku-Supsa pipeline. During this period 17,024,000 tons of oil (19,031,000 tons) was exported via the Baku-Tbilisi-Ceyhan pipeline and 585,485 tons (647,902 tons) by railway.
* In 2011 the declared volume of oil export from Azerbaijan totaled 37,045,000 tons. Of this volume 27,825,000 tons of oil to the amount of $22,911,000,000 was exported on the basis of customs declarations.-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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