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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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