In January 2014 Azerbaijan extracted 3.6 million tons of oil and condensate.
According to the Azerbaijan State Statistical Committee, oil production dropped by 200,000 tons against last year.
During 2013 oil production in Azerbaijan totaled 43.1 million tons, up 100,000 tons against 2012.
3.8 million tons was extracted in January 2013, 3.4 million tons in February, 3,579,000 tons in March, 3,521,000 tons in April, 3.8 million tons in May, 3.7 million tons in June, 3.7 million tons in July, 3.6 million tons in August, 3.7 million tons in September, 3.6 million tons in October, 3.4 million tons in November and 3.5 million tons in December.—0—
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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