In October 2013 oil export via the terminal of the Caspian Pipeline Consortium (CPC) increased by 37.3% against October 2012 up to 3,059,000 tons, reported CPC.
Since early year oil export via the CPC terminal totaled 27.2 million tons, up 8.3% against a year earlier (25.2 million tons).
CPC is the pipeline system connecting Kazakhstan with the sea port in Novorossiysk, where oil is loaded on the tankers for their further shipment to the world markets.
The CPC shareholders include Russian Federation, which owns 31% share (represented by Transneft with 24% and CPC Company with 7%), Kazakhstan with 20.75% (represented by Kazmunaigas – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%); Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO B.V. – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited – 2%, Eni International N.A. N.V. – 2% and Oryx Caspian Pipeline LLC – 1.75%, reported http://www.biztass.ru. –0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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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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