In January 2014 oil export from Russia decreased by 3% against January 2013 and totaled 19,267,000 tons, according to the Central Dispatcher Department of the Ministry of Energy of Russia.
Oil deliveries to Far Abroad decreased by 0.1% to 17,391,000 tons, to Near Abroad – by 23.6% to 1,876,000 tons. In January 2014 transit of Kazakh oil decreased by 0.6% and totaled 1,663,000 tons.
In January 2014 LUKoil exported 7,359,000 tons to Far Abroad via Transneft’s pipeline (growth by 2.4%) and Rosneft – 17,036,000 tons (growth by 1.4%), Surgutneftegas reduced export by 0.2% to 5,202,000 tons, Gasprom increased by 1.9% to 4,244,000 tons and Bashneft increased by 6.3% up to 1,404,000 tons.—0—
Economics
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
-
Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
Leave a review