In January 2014 Azerbaijan exported only diesel fuel and aviation kerosene
In January 2014 State Oil Company of Azerbaijan (SOCAR) exported only diesel fuel and aviation kerosene.
SOCAR press office reported that last month only 88,264 tons of oil products were exported, down 9.7% against January 2013.
SOCAR exported 78,106 tons of diesel fuel and 10,157 tons of aviation fuel in January 2014.
SOCAR’s Department of Marketing and Economic Operations reported that in January 2014 1 ton of petrol at the world markets cost $938.99, 1 ton of aviation kerosene - $995.95, 1 ton of diesel fuel - $903.01 and 1 ton of black oil with 1% sulfur - $594.81.—0—
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- 5 February 2014 12:22
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- Economics
- 5 February 2014 13:07
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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