Azneft, production company of State Oil Company of Azerbaijan, has published the production showings of three quarters this year.
According to Azneft, from January to September a total of 5,105,669 tons of oil has been extracted, up 1.1% against the plan (5,051,000 tons).
From January to September 2013 Azneft supplied to the consumers 5,085,981 tons of oil, up 1.2% against the plan (5,024,820 tons).
During this period Azneft also extracted 4,743,026,000 cub.m. of gas, up 2.4% against the plan (4,633,400,000 cub.m.) and supplied to the consumers 4,197,794,000 cub.m. against the plan of 4,162,500,000 cub.m.—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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