The consumption of petroleum products in the domestic market of Azerbaijan in 2014 amounted to 3.6 million tons (+ 0.2% to the end of 2013).
According to the committee, the largest share in the structure of domestic consumption belongs to gasoline (38.5%) and diesel fuel (38.4%). They are followed by petroleum bitumen - 6.7%, gasoline as raw for petrochemical industry - 5.9%, jet fuel - 4.9%, and liquefied gas - 3.9%. Least are sold lubricants - 1.2%, oil - 0.4% and petroleum coke - 0.1%. --17D-
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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