According to the draft of state budget, which was submitted by the government for the consideration and approval of parliament, next year oil products production is planned to be increased by 4.4% in Azerbaijan.
According to the document, this year the republic must produce 5.87 million tons of oil products and next year the volume of oil products production must be increased up to 6.13 million tons.
The growth of oil products production is connected with growing consumption at the local market.
Table of aviation fuel production in Azerbaijan from 2010 to 2014 (thousands tons)
| Oil products | 2010 | 2011 | 2012 | 2013 | 2014 |
| Aviation petrol | 1249 | 1295 | 1296 | 1360 | 1490 |
| Diesel fuel | 2488 | 2483 | 2368 | 2200 | 2040 |
Oil products are manufactured at two oil refineries in Baku. The automobile fuel is manufactured at Heydar Aliyev oil refinery.—0—
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
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.
Leave a review