In January 2015 oil production in Azerbaijan totaled 3.7 million tons, reads the information posted on the web site of the State Statistical Committee.
In January 2014 oil production in Azerbaijan totaled 3.6 million tons. Therefore, in January 2015 oil production in the republic increased by 2.7%.
However, it is unclear how the oil production growth has been achieved, if in 2015 the government planned decline of oil production in the country by 1.3 million tons against last year (by 108,000 tons a month).
In January 2015 tank gas production in Azerbaijan totaled 1.8 billion cub.m. (growth by 12.5% against January 2014).
In 2014 oil production in Azerbaijan totaled 41.9 million tons, while tank gas – 18.7 billion cub.m.
In 2015 the Azerbaijani government forecasts oil production at 40,615,600 tons, while gas production (including tank gas) – 28,420,000,000 cub.m.—0—
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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