During 2013 the volume of oil export via the Caspian Pipeline Consortium (CPC) terminal totaled 32.7 million tons, up 6.9% against a year earlier (30.6 million tons).
The company reported that in December 2012 oil export via the CPC terminal increased by 2.7% against December 2012 up to 2.8 million tons.
CPC is the pipeline system, which connects Kazakhstan with the sea port in Novorossiysk, where oil is loaded on the tankers for its further shipment to the world markets.
The CPC shareholders are Russia with 31% (represented by Transneft with 24% and CPC Company with 7%), Kazakhstan – 20.75% (represented by Kazmunaigas with 19% and Kazakhstan Pipeline Ventures LLC with 1.75%), Chevron Caspian Pipeline Consortium Company - 15%, LUKARCO B.V. – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited - 2%, Eni International N.A. N.V. - 2% and Oryx Caspian Pipeline LLC – 1.75% - reported http://itar-tass.com. –0--
Economics
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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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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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