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 economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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