In 2015 SOCAR exported 1,226,212 tons of oil products to the world markets, up 2.2% against 2014.
SOCAR press office reported that during this period the company has exported the following oil products: diesel fuel – 965,788 tons, aviation fuel – 236,532 tons, black oil – 28,000 tons, high pressure polyethylene – 8,598 tons, absolute isopropyl alcohol- 1,294 tons, liquid pyrolized resin – 9,339 tons, 1,981 tons of propylene and 2,400 tons of butylene-butadiene faction.
SOCAR reported that in December average price of lead-free petrol at the world markets was $437.45 per 1 ton, aviation fuel - $362.95 per 1 to, diesel fuel - $328.74 per 1 ton and black oil with 1% sulfur content - $164.85 per 1 ton.
In 2014 the company exported 1,199,543 tons of oil products.—0—
Economics
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The market for vegetable and animal fats in Azerbaijan is largely shaped by a structural dependence on imports, as domestic production remains insufficient to meet the country's growing consumption needs. This dependency is underscored by several economic factors, including limited agricultural production and a lack of processing facilities, leaving the sector ill-prepared to reduce reliance on foreign supplies.
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The INMerge Ventures venture capital fund has been established in Azerbaijan, aimed at boosting the development of the country’s innovative and startup ecosystems, officials announced on Tuesday.
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Azerbaijan is set to roll out a comprehensive digital economy development strategy in 2025, aimed at transforming the country's economy through human capital development, innovation, and the digitalization of business processes, an official announced on Tuesday.
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Issues related to the development of the energy sector through digital innovations were the subject of negotiations between Rovshan Najaf, President of SOCAR, and Seita Hagihara, President and Vice President of Yokogawa Electric Corporation, a leading Japanese multinational company specializing in electrical engineering and industrial automation.
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