Azerbaijan exported in January- June this year, petroleum products worth more than $ 14.95 billion, or $ 1.25 billion or 7.7 % less than in the corresponding period of 2012. The share of oil and gas exports amounted to 94.3 % of the total merchandise exports of the country , which is 1 % less than in the previous year.
According to the balance of payments, in the total volume of oil exports for the period $ 13.3 billion (in the first half of 2012 - $ 14.8 billion), or 93.7 % accounted for crude oil and $ 0.9 billion was the share of oil products. In the structure of exports of crude oil produced cost of the Azerbaijan International Operating Company (AIOC) of oil was $ 12.6 billion ($ 13.9 billion). During the reported period, other companies of the country exported oil for $ 0.7 billion ($ 0.9 billion), including $ 625.6 million ( $ 839.1 million ) by the State Oil Company.
The volume of gas exports for the six months amounted to about $ 757 million is 25% more than in the comparable period last year. - 15B -
Economics
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The Azerbaijan Institute of Standardization (AZSTAND) has announced the adoption of a new state standard, AZS 956:2024 "Chicken meat (chicken carcasses, chickens, broiler chickens and their parts): Technical conditions," aimed at addressing deficiencies in the country's poultry industry and improving production quality.
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Eel Electric LLC, a resident of the Agdam Industrial Park, has completed 85 percent of the construction of its power distribution equipment and power sockets plant, the Ministry of Economy announced on Monday.
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The State Tax Service (STS) of Azerbaijan has issued an urgent warning to citizens regarding a surge in fraudulent activities exploiting the name of the country's VAT refund project. According to the STS, cybercriminals have been creating counterfeit websites and online pages that closely mimic the official internet resources of the State Tax Service, luring unsuspecting citizens with promises of VAT refunds.
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On July 30, a meeting of the Working Group on "Inflation and Price Monitoring" was held under the chairmanship of the Head of the Cabinet of Ministers, Rufat Mammadov, to discuss price changes in Azerbaijan's consumer market and the government's anti-inflationary measures this year.
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