During 11 months, 2013 oil refineries of SOCAR increased manufacture by 6.2% against the same period in 2012, reads the monthly report of the Azerbaijan State Statistical Committee.
According to then statistical information, from January to November 2013 the country manufactured 2,287,500 tons of diesel fuel (+5.4%), 1,286,100 tons of petrol (+8.9%), 645,300 tons of kerosene (+11.5%) and 288,100 tons of oil bitumen (+7.1%) and etc.
During 11 months virgin petrol production dropped by 8.5% to 124,500 tons and lubricating oils – by 27.1% to 43,800 tons.—0—
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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