During 2013 SOCAR exported 1,751,000 tons of oil via the Baku-Novorossiysk pipeline, reported SOCAR press office.
Oil export via the route decreased by 313,000 tons against 2012.
In January 2103 export totaled 2,629 tons, in February – 251,755 tons, in March – 159,584 tons, in April – 159,155 tons, in May -85,385 tons, in June – 169,437 tons, in July – 169,671 tons, in August – 169,706 tons, in September – 162,821 tons, in October – 84,082 tons, in November – 84,082 tons and in December -169,363 tons.
During 2012 SOCAR exported 2,064,000 tons of oil via the Baku-Novorossiysk pipeline, up 76,000 tons against 2011.—0—
Economics
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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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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