From January to November 2013 27,069,000 tons of oil was shipped from the Turkish Ceyhan port.
SOCAR reported that of that volume 16,063,000 tons was oil of the State Oil Fund of Azerbaijan (SOFAZ).
In January 2,342,000 tons of oil was shipped from the port, in February – 2,287,000 tons, in March -2,364,000 tons, in April – 2,675,000 tons, in May – 2,763,000 tons, in June – 2,572,000 tons, in July – 2,448,000 tons, in August – 2,445,000 tons, in September – 2,045,000 tons, in October – 2,414,000 tons and in November – 2,711,000 tons.
Since putting of the Baku-Tbilisi-Ceyhan (BTC) pipeline into operation in June 2006 230,735,000 tons of oil was been shipped from the Ceyhan port. The shareholders of the BTC Cop pipeline company are BP (30.1%), SOCAR (25%), Chevron (8.9%), Statoil (8.71%), TPAO (6.53%), Itochu (3.4%), ONGC (2.36%), ENI (5%), ConocoPhilliрs (2.5%), Inрex (2.5%) and Total (5%). –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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