In January 2014 State Oil Company of Azerbaijan (SOCAR) shipped 84,739 tons of oil from the Novorossiysk port.
SOCAR press office reported that volume of oil exported via the Baku-Novorossiysk oil pipeline is 32 times higher against the same period last year.
During 2013 SOCAR exported 1,751,023 tons of oil via the northern route.
Since October 25, 19997 Azerbaijan has been exporting its oil via the Baku-Novorossiysk pipeline.
The agreement on Azerbaijani oil transportation via the Baku-Novorossiysk pipeline signed between Azerbaijan and Russia is valid till February 14, 2014.—0—
Economics
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Azerbaijan's potato sector, a cornerstone of the nation's food supply and its second most significant agricultural product, is in sharp decline. Production dropped by 7.6% year-on-year from January to October 2024, reflecting a long-term downward trend, according to the State Statistics Committee.
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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