From January to April 2015 Azerbaijan exported 11,124,548 tons of oil, down 1.4% against the same period in 2014, reported the Azerbaijan State Customs Committee.
According to the meters, during 4 months, 2015 8,839,695 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline (of which 719,947 tons of gas condensate from the Shah Deniz field), 1,456,843 tons via the Baku-Supsa oil pipeline, 424,351 tons via the Baku-Novorossiysk oil pipeline and 403,658 tons to the Georgian ports by railway.
The declared volume of exported oil totaled 7,932,937 tons to the amount of $3,275,414,047. Since early year Azerbaijan has sold 1 ton of its oil at the price of $412.89 or $55.79 per barrel. According to Turan, this price is down 48.8% against the same period last year.—0—
Economics
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In 2024, Azerbaijan witnessed significant growth among rapidly expanding enterprises, particularly in the booming non-oil sector. As the government prioritizes economic diversification, companies in industries such as mining, logistics, agriculture, and manufacturing have emerged as key drivers of economic progress.
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Azerbaijan’s State Oil Fund (SOFAZ) reported a 10.7% decline in revenues from the Azeri-Chirag-Gunashli (ACG) oil field block in 2024, amounting to $740.7 million less than the previous year. Total earnings from ACG from the start of 2024 until January 1 stood at $6.16 billion, down from $6.89 billion over the same period in 2023, according to SOFAZ.
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The Azerbaijan Land Transport Agency (AYNA) has reduced the average age of taxis from 15 to 7 years in 2024 as part of comprehensive transport reforms aimed at enhancing safety, sustainability, and service quality.
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Azerbaijan's State Special Communication and Information Security Service (SSCISS) has reported vulnerabilities in the security systems of 857 information resources across state institutions in 2024, marking a 23% increase compared to 2023, according to official data released this week.
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