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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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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