According to SOCAR, in November 2014 total export of Azerbaijani oil products reached 77,851 tons against 133,067 tons in October 2014. In November 2014 60,477 tons of diesel fuel, 17,255 tons of jet fuel and 119 tons of black oil was exported.
“During 11 months, 2014 export of oil products totaled 1,431,271 tons (growth by 12.3%), including 9,332 tons of gasoline, 866,520 tons of diesel fuel, 176,110 tons of jet fuel, 358,772 tons of vacuum gasoil and 537 tons of black oil,” reported SOCAR.—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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