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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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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