In 2013 Azerbaijan exported 34,245,147 tons of oil, down by 2% against 2012.
According to the meters of the Azerbaijan State Customs Committee, 27,474,271 tons of oil was exported via the Baku-Tbilisi-Ceyhan oil pipeline, 4,028,821 tons via the Baku-Supsa oil pipeline, 1,750,063 tons via the Baku-Novorossiysk pipeline and 991,992 tons by railway to the Georgian ports.
During 2013 the declared volume of oil totaled 24,855,868 tons to the amount of $20,244,052,078. This means that last year Azerbaijan exported oil at an average price of $815.54 per ton or $110.06 per barrel.
Last year Azerbaijan drew a budget with the oil price at $110 per barrel.—0—
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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