In 2013 oil production in Russia increased by 0.9%, gas by 2.1%, according to Russian statistical committee
In 2013 production of oil in Russia, including gas condensate, totaled 523 million tons, up 0.9% against 2012, reported Russian Statistical Committee.
Gas production increased by 2.1% up to 668 billion cub.m.
Coal production dropped by 2.9% and totaled 347 million tons.
Gasoline production increased by 1.3% up to 38.8 million tons, heating oil by 3.3% up to 76.9 million tons. Production of diesel fuel increased by 3.1% - 71.5 million tons.--0--
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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