From January to August 2015 oil products production in Azerbaijan increased by 1.8% against the same period in 2014 up to 1,624,700,000 AZN.
According to the Statistical Committee, there was growth of production of virgin gasoline by 4.4% up to 128,400 tons, kerosene by 0.8% up to 454,900 tons, diesel fuel – by 5.9% up to 1,924,700 tons and black oil by 14.2% up to 194,200 tons.
From January to August production of petrol decreased by 2.3% to 788,700 tons, lubricating oils – by 56.8% to 15,000 tons and oil bitumen by 34.2% to 109,900 tons.—0—
Economics
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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Climate change poses a serious risk to global economic and financial stability, said Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), at the event titled "Global Financial System: Scaling Up Climate Action Financing" held as part of COP29.
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Azerbaijan's banking sector has unveiled a comprehensive set of initiatives aimed at bolstering sustainable development, according to Zakir Nuriyev, President of the Azerbaijan Banks Association (ABA). Nuriyev outlined the plans during the second panel of the "Global Financial System: Expanding Climate Finance" event.
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Azerbaijan remains steadfast in its commitment to developing a sustainable green economy, according to Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at the COP29 event on Thursday titled “Global Financial System: Scaling Up Finance for Climate Action,” Kazimov emphasized the country's strategic focus on green development as part of its broader socio-economic agenda for 2030.
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