In October 2013 oil production in Russia reached maximum since the USSR collapse and totaled 10.59 million barrels a day.
Now Russia occupies the first place in the world on oil production, writes Reuters. In September 2013 it totaled 10.53 million barrels a day.
In October 2013 natural gas production increase by 14% and totaled 2.02 billion cub.m. a day.
Capitalization of the biggest oil and gas companies of Russia grows in parallel with growth of natural resources extraction.
Since mid-August 2013 shares of Gasprom, Rosneft and LUKoil companies have been going up. The growth of cost of securities is also caused by the foreign conjuncture at the world stock markets.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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