During first five months this year 1,874 million tons of oil products was delivered to Azerbaijan's local market.
According to the State Statistical Committee of Azerbaijan, deliveries to the local market increased by 13.5% against the same period last year.
From January to May 471,300 tons of petrol, 471,200 tons of diesel fuel, 203,100 tons of aviation kerosene, 152,000 tons of black oil, 55,100 tons of liquefied gas, 101,500 tons of oil bitumen and 420,000 tons of other oil products was delivered to the local market of the country.
In 2011 4,416 million tons of oil products was delivered to the local market, up 12.6% against 2010.
The growth of oil products consumption at the local market is connected with increase in number of cars and growth of oil products consumption in the industry.-0-
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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