Azerbaijan seeks to increase the supply of oil to the Asian markets, writes Reuters. So, Eikon data show that in October, Azerbaijan sent to China, Taiwan and India nearly 7 million barrels of oil - it is the highest since the beginning of the fixation of the index in January 2015.
The publication notes that consuers in Asia, which account for a third of global oil supplies, with excitement are watching the way the producers of OPEC - their biggest suppliers - openly discuss price support. Buyers say that in the context of availability of supplies from outside OPEC, they will consider new sources, if the organization ceases to offer a reasonable price.
Forbes noted that if OPEC agreed to reduce oil production, the Asian markets will begin to get oil from countries outside the cartel. The figures show that Azerbaijan has already started to actively capture the position in this part of the world. -0—
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
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.
-
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.
-
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.
Leave a review