In 2013 oil production in Russia increased by 1.2% and is expected to be 523 million tons, while gas production increased by 1.5% - up to 664 billion cub.m., Russian Energy Minister Alexander Novak said yesterday.
The power generation volume is equal to the last year’s level, Novak told Russia 24 TV channel.
According to the Central Dispatcher Department of the Fuel and Energy Complex, in 2012 Russia increased production by 1.3% up to 518 million tons, while export decreased by 1% and totaled 239.6 million tons. Russian Ministry of Energy expects that till 2020 oil production will total 505-510 million tons a year, reported http://oilru.com.--0--
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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