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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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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