In April 2014 State Oil Company of Azerbaijan (SOCAR) plans to upgrade the catalytic cracking installation on the Heydar Aliyev oil refinery.
The upgrade will take almost one month. During this period SOCAR plans to achieve increase in productive capacity of the oil refinery.
The main goal of these works is to increase petrol production by 450,000 tons, because demand in this type of fuel grows at the local market.
Heydar Aliyev oil refinery is the only oil refinery, which produces petrol. The oil refinery’s warehouses could meet the country’s needs in fuel for one week.
Thus, it is planned to import the remaining amount of gasoline.
The Azerbaijan Cabinet of Ministers made a decision to exempt imported petrol with the octane number 95 and 92 from customs duty and excise from January 21 to June 1, 2014.—0—
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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