According to the meters of the Azerbaijan State Customs Committee, in January and February 2013 5,636,944 tons of crude oil was delivered to the foreign markets. Azerbaijani oil export dropped by 7.6% against the same period last year, reported the Committee.
During the same period the declared volume of Azerbaijani oil totaled 4,231,683 tons to the amount of $3,538,865,500. One can conclude that since early year average export price of Azerbaijani oil was $836.28 per ton or $113.01 per barrel.
The Committee also reported that of total volume of export 249,601 tons was exported via the Baku-Novorossiysk pipeline, 712,703 tons via the Baku-Supsa pipeline and 4,531,665 tons via the Baku-Tbilisi-Ceyhan (BTC). 142,975 tons was exported by railway.
According to the meters, in 2012 34,935,000 tons of oil was exported from Azerbaijan. Of this volume 24,237,000 tons of oil to the amount of $20,232,000,000 was exported on the basis of the customs declarations.—0—
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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