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
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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International Energy Agency (IEA) Executive Director Fatih Biröl underscored the importance of tripling global renewable energy capacity by 2030 and doubling energy efficiency during his remarks at a ministerial meeting in Baku on Friday, emphasizing that these issues would be central to discussions at COP 29.
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During COP29, the Ministerial Meeting on Climate and Innovation Dialogue of the United Nations Special Programme for the Economies of Central Asia (SPECA) marked a milestone with the signing of a declaration to establish the SPECA Climate and Innovation Dialogue and the launch of the SPECA Multilateral Trust Fund.
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Kazakhstan's Vice Minister of Energy, Ilyas Bakhytzhan, highlighted the ambitious sustainability and environmental security plans shared by Central Asian countries and Azerbaijan during a joint event with IRENA and Azerbaijan's Ministry of Energy at COP29.
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