During 11 months, 2013 oil shipment by State Oil Company of Azerbaijan (SOCAR) from the Russian Novorossiysk port reduced by 14%, according to SOCAR’s data.
The same source said that during this period 1,581,660 tons of oil exported via the Baku-Novorossiysk oil pipeline has been shipped from the Novorossiysk port. During 11 months, 2013 oil export via the northern route decreased by 13.7% against the same period last year.
In November 2013 SOCAR shipped 84,082 tons of Azerbaijani oil from the Novorossiysk port.
Since 1997 Azerbaijan has been transporting its oil via the Baku-Novorossiysk pipeline.
In 2012 SOCAR exported 2,064,000 tons of oil via the Baku-Novorossiysk pipeline.
In 2013 SOCAR plans to transport 1.8 million tons of Azerbaijani oil via the Baku-Novorossiysk pipeline.—0—
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review