In January 2014 export of Azerbaijani oil dropped by 5%, reported state statistical committee
According to the meters of the Azerbaijan State Customs Committee, in January 2014 2,762,000 tons of crude oil was exported, down 5% against the same period last year.
The declared volume of oil totaled 1,937,000 tons of oil to the amount of $1,618,000,000.
Out of total volume of export 84,795 tons was exported via the Baku-Novorossisk pipeline and 377,543 tons via the Baku-Supsa pipeline. During this same period 2,214,000 tons of oil was exported via the Baku-Tbilisi-Ceyhan pipeline and 85,365 tons by railway.
According to the meters, during 2013 34,245,000 tons of oil was exported from Azerbaijan. Out of this volume 24,855,000 tons of oil to the amount of $20,244,000,000 was exported on the basis of customs declarations.—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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