In January 2015 SOCAR had a slight decline of oil production.
According to SOCAR’s statistics, in January 2015 it extracted 712,300 tons of oil, down 0.5% against January 2014.
In January 2015 oil production in Azerbaijan totaled 3,667,600 tons, up 0.7% against January 2014.
According to the State Statistical Committee, in January 2015 the country extracted 3,668,100 tons of oil.
In 2014 total volume of oil production in Azerbaijan reached 41.9 million tons, of which 8,402,500 tons of oil was extracted by 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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