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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In November, the State Tax Service fined 608 entrepreneurs who received payments for goods and services from clients' bank cards directly to their personal bank cards. Similar reports of fines for card-to-card transactions were issued by the Tax Service in October. The agency clarified that these violations were identified during monitoring activities at retail and catering establishments in Baku.
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Azerbaijan has undertaken significant regulatory reforms to advance its digital and transport sectors, President Ilham Aliyev announced on Thursday, signing a decree amending the regulations governing the activities of the Ministry of Digital Development and Transport.
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The Ministry of Agriculture of Azerbaijan has announced the return of its renowned fair, "From Village to City," which will take place from December 21 to 30 in Baku. The event, held in the Narimanov district near the "Ganjlik" metro station, will provide farmers with a platform to sell their products directly to consumers, bypassing intermediaries.
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From December 1, 2024, the State Oil Company of the Azerbaijan Republic (SOCAR) has commenced gas deliveries to Slovakia under an agreement reached in November with SPP, Slovakia's state-owned energy firm, SOCAR announced in a press release.
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