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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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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