From January to May 2015 extraction of oil, including gas condensate, in Azerbaijan totaled 17,635,800 tons, down 0.8% against the same period in 2014, reads web site of the Azerbaijan State Statistical Committee.
From January to May 2015 gas production in Azerbaijan totaled 12,187,800,000 cub.m. (decline by 4.7%).
SOCAR has earlier reported quoting Rakhman Gurbanov, SOCAR Vice President for Extraction and Transportation, that in 2015 it is forecast to extract 40.7 million tons of oil and 30.2 billion cub.m. of gas in Azerbaijan.—0—
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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