From January to November 2014 State Oil Company of Azerbaijan (SOCAR) has shipped 932,155 tons of oil from the Novorossiysk port, which exported via the Baku-Novorossiysk oil pipeline, down 4.1% against the same period last year.
SOCAR press office reported that in November 2014 SOCAR shipped 84,802 tons of Azerbaijani oil from the Novorossiysk port.
In 2014 the company plans to pump 85,000 tons of oil a month (1,000,020 tons a year) via the Baku-Novorossiysk pipeline.
Azerbaijan has been transporting its oil via the Baku-Novorossiysk pipeline since 1997.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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