From January to October 2015 oil products production in Azerbaijan decreased by 1.6% to 2,047,700,000 AZN against the same period in 2014.
According to the State Statistical Committee, black oil production increased by 61.3% up to 302,900 tons.
From January to October 2015 petrol production went down by 0.3% to 1,020,500 tons, virgin petrol by 5% to 162,500 tons, diesel fuel by 0.9% to 2,362,800 tons, kerosene by 2.4% to 573,500 tons, lubricating oils by 57.2% to 19,500 tons and oil bitumen by 32.3% to 142,000 tons.
At present Heydar Aliyev oil refinery has been operating in Azerbaijan (specializes in manufacture of light fractions). Since January 1, 2015 Azerneftyag oil refinery (specializes in manufacture of heavy fractions) has been joined to the Heydar Aliyev oil refinery.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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