In 2013 Azerbaijan extracted 43,500,000 tons of oil, Rovnag Abdullayev, President of State Oil Company of Azerbaijan (SOCAR), said at the event devoted to the annual results.
He said during a year the country also extracted 29,500,000,000 cub.m. of gas.
SOCAR also extracted 8,340,000 tons of oil and 7,150,000,000 cub.m. of gas (this volume includes production by all operation companies, except for Azeri-Chirag-Guneshli (ACG) and Shah-Deniz).
During 2012 Azerbaijan extracted 42,900,000 tons of oil and 26,796,000,000 cub.m. of gas (of which 17,242,000,000 cub.m. is tank gas).—0---
Economics
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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The Cabinet of Ministers of the Republic of Azerbaijan approved amendments on July 17 to the list of goods, services, and tariffs regulated by the state, as well as adjustments to import and export customs duties. These changes, guided by Article 119, paragraph 8 of the Constitution of Azerbaijan, aim to streamline economic activities and improve the regulatory framework.
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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