In 2013 State Oil Company of Azerbaijan (SOCAR) exported 24.23 million tons of oil to the world markets via three routes – Baku-Novorossisk, Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa.
According to SOCAR, last year 1,751,000 tons of oil was exported via the Baku-Novorossisk pipeline.
Azerbaijan’s profitable oil Azeri Light extracted from the Azeri-Chirag-Guneshli bloc of fields was exported via BTC and Baku-Supsa. Oil export via the Baku-Supsa pipeline totaled 2,725 million tons. 19,748,000 tons of profitable oil was exported via the Baku-Tbilisi-Ceyhan pipeline.
Profitable oil is distributed among the shareholders of the projects depending on their share in the ACG fields development.—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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