From January to December 2013 Kazakhstan exported 68,158,000 tons of oil and gas condensate, up 0.1% against the same period in 2012, reported the Kazakhstan Statistical Agency.
According to the same source, oil and gas condensate oil export in money equivalent totaled $55,221,000,000, down 2.2% against the same period in 2012.
During this period the republic exported 5,252,000 tons of oil products (growth by 8.4%) to the amount of $3,144,000,000 (growth by 4%). Import of oil products to the republic totaled 2,490,000 tons (growth by 20.1%) to the amount of $1,573,000,000 (growth by 6.3%).
The Statistical Agency reported that during this period export of natural gas totaled 20,611,000,000 cub.m. (growth by 0.4%) to the amount of $1,957,000,000 (dropped by 10.8%). From January to December 2013 import of natural gas to Kazakhstan totaled 5,154,000,000 cub.m. (growth by 2.1 times) to the amount of $490,200,000 (growth by 10.7%).
In 2013 production of crude oil and gas condensate in Kazakhstan totaled 81,731,000 tons, up 3.2% against 2012, while natural gas – 41,571,000,000 cub.m. (growth by 4%), reported http://newskaz.ru.
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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