Number of crimes in oil industry increased in Kazakhstan
The number of cases of illicit traffic in oil and oil products in Kazakhstan increased by 10 times, Agency for Fighting Economic and Corruption Crimes' press service said on Thursday.
"Head of the Agency's Department Zhanat Elimanov said at the meeting of the Agency that during nine months, the number of reported financial and economic crimes increased by 36 percent, or from 2,793 to 3,798.Thus, the number of reported crimes in trafficking of crude oil and petroleum products increased by 10 times (from 13 to 136), in false entrepreneurship fourfold (from 198 to 771), in money laundering threefold (from 39 to 110), in false and deliberate bankruptcy by 2.5 times or from 39 to 98 and so on," the statement said.
According to the information by the press service, Financial Police's head Rashid Tusupbekov noted the positive results in combating the underground economy and instructed to continue working in this direction. He set the task to intensify efforts to identify cases of embezzlement of public funds in the activities of the national companies and development institutions.--0--
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review