In 2013 first time in past several years Azerbaijan’s oil industry had positive results.
According to the Azerbaijan State Statistical Committee, in 2013 oil and gas industry increased by 1.1%. In 2012 oil and gas industry declined by 4.2% against 2011.
The oil and gas industry started declining in Azerbaijan since 2011.
In 2013 oil and gas industry had positive results, first of all at the expense of resumption of oil production growth.
In 2013 oil production in Azerbaijan totaled 43.1 million tons, up 0.3% against 2012 (42,895 million tons with the production decline by 5.3%).
Last year gas production totaled 17.9 billion cub.m., up 3.8% against 2012 (17,240 billion cub.m. with the growth by 5.4%).—0—
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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