In January 2014 State Oil Company of Azerbaijan (SOCAR) exported 1,999,000 tons of oil to the world markets via three routes – Baku-Novorossiysk, Baku-Tbilisi-Ceyhan and Baku-Supsa.
According to SOCAR, 84,739 tons of oil was exported via the Baku-Novorossiysk pipeline. SOCAR’s deliveries via the export pipeline Baku-Tbilisi-Ceyhan (BTC) totaled 1,592,000 tons. In January 2014 SOCAR exported 322,996 tons of oil to the foreign markets via the export route. Profitable oil of Azerbaijan and SOCAR in the Azeri-Chirag-Guneshli (ACG) project was exported via the BTC and Baku-Supsa. Oil extracted from SOCAR’s fields is delivered to the Russian port Novorossisk.—0--
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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