In quarter 1, 2016 gas production in Azerbaijan totaled 7,556,800,000 cub.m., up 2% against the same period last year.
According to the Azerbaijan State Statistical Committee, during this period tank gas production in the country totaled 4,838,900,000 cub.m. The production decline constituted 7.9% or 324.5 million cub.m.
During 2015 Azerbaijan extracted 29,742,700,000 cub.m. of gas, of which 19,720,500,000 was tank gas.
Azerbaijani government forecasts that in 2016 the country will extract 29,345,000,000 cub.m. of gas.—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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