Oil production in Azerbaijan in January-September 2016 amounted to 31 million 268.2 thousand tons, which is 0.3% less than the same period last year. This was in the monthly report of the State Statistics Committee of Azerbaijan.
According to the State Statistics Committee, the volume of commercial oil production in the country in January-September 2016 amounted to 31 million 221.9 thousand tons (decline by 0.3%).
Gas production in January-September 2016 was 22 billion 51.4 million cubic meters (3.8% growth). Output of marketable gas in the country during the reported period amounted to 13 billion 771.2 million cubic meters (1.6% decline).
In 2015, Azerbaijan's oil production, including gas condensate, amounted to 41 million 689 thousand tons, and the production of marketable gas was 19.72 bcm. -12D--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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