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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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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