The decline in oil production, the primary type of industrial product of the country, also pulls the overall pace of industrial production in the country. During 11 months of this year the volume of industrial production in the country decreased by 3.3%.
The volume of production and services in the industrial sector during this period in 2012 was 31 billion manats. In the non-oil sector of the industry the growth was 7.4%, and the oil sector fell by 5.3%, the State Statistics Committee told Turan.
The mining industry remains a dominant position - 75.7% of industrial output workers produce oil and gas and mining industries. - 08D -
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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