In 2014 SOCAR increased oil and gas increased
In 2014 SOCAR extracted 8,402,500 tons of oil, up 1% against 2013.
According to SOCAR, in 2013 the company extracted 8,314,900 tons of oil and condensate.
During 2014 State Oil Company of Azerbaijan (SOCAR) also extracted 7,246,100,000 cub.m. of gas, up 1.5% against 2013.
In 2013 SOCAR extracted 7,139,700,000 cub.m. of gas.--0—
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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