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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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