By 2025 tank gas production in Azerbaijan will reach 40 billion cub.m., SOCAR President Rovnag Abdullayev said at the international conference “New Technologies in Oil and Gas Production” in Baku.
According to the forecasts, by 2015 tank gas production in Azerbaijan will reach 20 billion cub.m.
For three years running Azerbaijan produced 16.3-16.8 billion cub.m. of gas a year. By 2020 the country will hardly produce 20 billion cub.m. of gas, because of the problems with gas sales at the local and foreign markets. New markets are not expected by this time.
SOCAR specialists earlier forecasted that by 2025 the country will produce 50 billion cub.m. of gas a year. It seems like development of some gas fields, which have been recently discovered, is delayed or the pace of production growth will be limited, as it happened with the oil on ACG project. This is also, possibly, connected with problems with gas sales at the European markets (by that time part of the European market will be supplied with US slate gas and liquefied gas from Qatar and Africa).—0--
Economics
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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.
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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.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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