In the first half of this year Azerbaijan imported 800.500 tonnes of wheat, by 264,000 tons or 49.5% more than in the same period in 2014. Approximately 94% of wheat was purchased in Russia, the State Statistics Committee. Only in the second quarter of this year, the volume of purchases from abroad amounted to about 305,000 tons.
A ton of wheat cost the importers at $ 234.3, which is by 10% lower than in the first half of last year.
According to the Ministry of Agriculture, this year Azerbaijan produced 1,687,000 tons of wheat, by 243,000 tons or 16.8% more than in 2014. The harvest totaled 31.3 c/ha, by 7.4 c/ha more than last year. 08B
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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