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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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