In 2014 SOCAR exported 1,199,543 tons of oil products to the local markets, up 14.6% against 2013.
SOCAR press office reported that last year SOCAR exported 9,432 tons of gasoline, 992,725 tons of diesel fuel, 196,729 tons of aviation fuel and 675 tons of black oil.
In December 2014 SOCAR exported 127,041 tons of oil products, of which 99,000 tons of gasoline, 106,205 tons of diesel fuel, 20,618 tons of aviation fuel and 119 tons of black oil.
Since January 1, 2015 Azerbaijan has one operating oil refinery named after Heydar Aliyev.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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