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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review