From January to June 2015 tank oil production in Azerbaijan, including gas condensate, totaled 24,490,100 tons, down 1.8% against the same period in 2014, reported the Azerbaijan State Statistical Committee.
Table of tank oil production in Azerbaijan:
Months | Volume (thousand tons) |
January | 3658,9 |
February | 3285,0 |
March | 3601,2 |
April | 3650,9 |
May | 3416,5 |
June | 3329,8 |
July | 3547,8 |
By August 1, 2015 oil resources at the warehouses totaled 328,400 tons against 384,100 tons by July 1, 2015.
Last year production totaled 42,041,800 tons. Last year the peak oil production fell to August – 3,751,500 tons.—0-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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