According to the meters of the Azerbaijan State Customs Committee, during 11 months, 2013 Azerbaijan exported 31,370,276 tons of oil, down 2.1% against the same period last year.
During this period 25,240,449 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC), 3,652,874 tons via the Baku-Supsa oil pipeline, 1,580,428 tons via the Baku-Novorossiysk pipeline and 896,525 tons of oil by the railway to the Georgian ports.
The State Customs reported that from January to November the declared volume of oil exported totaled 22,803,249 tons to the amount of $18,587,892,015. Since early year Azerbaijan exported 1 ton of oil at an average price of $815.14 or $110.15 per barrel.
During this period 2,027,343 tons of gas condensate was exported from Shah-Deniz via the BTC.—0-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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