From January to March 2016 Azerbaijan extracted 7.5 bcm of gas, said Azerbaijani Energy Minister Natig Aliyev at the enlarged session of the Cabinet of Ministers devoted to the socio-economic development of the country in quarter 1, 2016 on Saturday.
Minister added that the extracted volume was 197 mcm above the forecast.
According to the Azerbaijan State Statistical Committee, in quarter 1, 2015 the country extracted 7,323,600,000 cub.m. of gas. Thus, in quarter 1, 2016 gas production was up 2.4% against the same period last year.
The government forecasts that this year gas production in Azerbaijan will be over 29 bcm, while tank gas production will be slightly over 19 bcm.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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