In October 2013 cost of 1 barrel of BTC FOB Ceyhan at the world market reached $110.65 and dropped by $4.21 against September, reported SOCAR.
In October 2013 price of 1 barrel of crude Brent oil at the world market was $109.04, down by $2.85 against September 2013. In October 2013 Urals oil was sold at the price of $108.28 per barrel, down by $2.64 against September. Azerbaijani oil transported via the Baku-Tbilisi-Ceyhan pipeline is sold under BTC FOB Ceyhan brand name. Oil exported via the Baku-Novorossiysk pipeline is sold under Urals brand, because it is mixed with other brands of oil.—0--
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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