According to the forecasts of the international consortium, in September 2012 it is planned to export 20.4 million barrels of oil from Azeri-Chirag-Guneshli (ACG) fields via the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Profitable oil is expected to make 13.6 million barrels from a total volume of oil exported in September. Next month 66.7% of oil pumped via BTC will fall to the profitable oil of the state.
In September 2011 37 million tons of oil was exported via the BTC pipeline.
The international consortium forecasts that in September Azerbaijan will get 2.4 million barrels as profitable oil out of oil pumped via Baku-Supsa pipeline, via which oil produced on Chirag field is delivered to the world markets. During a month it is planned to load 4 tankers with 600,000 barrels of oil in Supsa.
In September 2012 State Oil Company of Azerbaijan plans to pump 160,000 tons of oil via the Baku-Novorossiysk pipeline. During 2012 it is planned to export 1.7 million tons of oil via this route. In 2011 SOCAR exported 1.99 million tons via the Baku-Novorossiysk pipeline.
In September Azerbaijan forecasts to get 16 million barrels (2,160,000 tons) of profitable oil from ACG. With average oil price of $110 per barrel, Azerbaijan's incomes within the Contract of the Century would total $1.76 billion (without tax deduction).-0-
Economics
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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.
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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.
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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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