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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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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