From January to September 2013 oil export via the offshore terminal in Novorossiysk increased by 5.5% against the same period in 2012 – up to 24,130,153 tons, according to CPC. In September 2,476,209 tons of oil was exported via the terminal, down 5.9% against September 2012.
CPC pipeline system is the biggest investment project with participation of the foreign capital on the CIS space. Cost of the first phase of the project is $2.6 billion. The length of the pipeline, which connects the oil fields on the west of Kazakhstan with the new offshore terminal in Russia is 1,510 km. The first part of CPC was put into operation in April 2003. During 2012 oil export via the CPC terminal decreased by 4.4% to 30.5 million tons.—0--
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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