In September 2014 Azerbaijan sold its oil from Ceyhan terminal at average price of $98.00 per barrel
In September 2014 Azerbaijan sold its oil from the Mediterranean terminal Ceyhan (BTC FOB Ceyhan) at an average price of $98.29 per barrel, reported the Department of Marketing and Economic Operations of State Oil Company of Azerbaijan (SOCAR).
According to the same source, in September 2014 SOCAR has shipped 1,762,582 tons (13,043,100 barrel) of oil to the world markets from the Ceyhan terminal.
In August 2014 Azerbaijan sold 1,942,635 tons (14,375,000 barrels) of oil at an average price of $103.08 from the Ceyhan terminal.—0—
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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