During 10 months, 2012 petrol manufacture in Azerbaijan decreased by 0.2% and totaled 1,068,900 tons, reads monthly report of the Azerbaijan State Statistical Committee.
From January to October Azerbaijan produced 1,195,000 tons of gasoline. Production of virgin gasoline totaled 126,700 tons, down by 23.8%.
During 2011 SOCAR manufactured 1,514,000 tons of gasoline. Production of automobile gasoline increased by 47,000 tons against 2010, while production of virgin gasoline increased by 14,027 tons.-0-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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