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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Azerbaijan's Economy Minister Mikayil Jabbarov held discussions with Jérôme Beaumont, Executive Secretary of the Egmont Group, a financial intelligence organization, during the COP29 conference.
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November 16 (Reuters) - Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, CEO of Saudi Arabia’s ACWA Power, during the COP29 climate summit to review the progress of joint projects in renewable energy.
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Azerbaijan's Minister of Economy, Mikayil Jabbarov, held talks with Heather Evans, Deputy Assistant Secretary for Manufacturing at the U.S. International Trade Administration, focusing on bolstering bilateral ties in energy, trade, and green development.
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The process of securing financing for the construction of the Bilasuvar solar power plant with a capacity of 445 MW and the Neftchala solar power plant with a capacity of 315 MW has been successfully completed.
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