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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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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