In January and February 2014 State Oil Company of Azerbaijan (SOCAR) will pump 170,000 tons of oil via the Baku-Novorossiysk pipeline, a source from SOCAR said.
“After that export of Azerbaijani oil via the pipeline will be suspended,” a source from SOCAR said.
During 2013 SOCAR exported 1,751,000 tons of oil via the Baku-Novorossiysk pipeline, down 313,000 tons against 2012.
Russian Transneft company said that the company has been working to temporary close down the Baku-Novorossiysk oil pipeline (Makhachkala-Baku) , because Azerbaijan did not initiate signing of a commercial agreement on the oil transit.—0—
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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