The traditional Iran’s oil buyers – China and South Korea – have reduced oil import from this OPEC member-states, reported Financial Times.
“Last month Iran’s oil export dropped to 715,000 barrels a day. This is the lowest index since the US oil and banking sanctions were applied against Iran in January 2012,” the newspaper quoted the International Energy Agency (IEA).
“China, which is the world biggest importer of Iranian oil, reduced the purchase by 47% in October to 251,000 barrels a day. The export decline has led to reduction of oil production in Iran to 2.58 million barrels a day, which is equal to the level of 1989,” reported http://itar-tass.com.--0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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