From January to April 2016 Azerbaijan exported 11,890,800 tons of oil, up 0.6% against the same period last year.
According to the Azerbaijan State Customs Committee, total cost of Azerbaijani oil exported during this period reached $2,846,497,800. The decline constituted 34.7% in money terms.
During first four months this year the declared volume of exported oil totaled 7,367,300 tons to the amount of $1,885,486,200.
One can conclude that during this period average export price of Azerbaijani oil totaled $35.94 per barrel.
During 2015 Azerbaijan exported 32,520,401 tons of oil.—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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