Share of oil and oil products in Azerbaijan’s export starts declining, according to the Azerbaijan State Customs Committee.
During 2013 89.48% of Azerbaijan’s export fell to oil and oil products. In 2012 this showing constituted 90.16%.
According to the Committee, during 2013 84.44% of Azerbaijan’s export fell to crude oil and 5.04% to oil products. Oil export increased by 0.28% and oil products export dropped by 8.53% against 2012.
In 2012 84.63% of Azerbaijan’s export fell to crude oil and 5.53% to the oil products.—0—
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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