During 10 months of 2012, the trade turnover between Azerbaijan and EU countries amounted to $ 11,291 million (41.2% of the foreign country portfolio). The volume of imports and exports to the EU declined compared with the same period last year to 27.7%, Turan was told in the State Customs Committee of Azerbaijan.
During the past period of this year Azerbaijan exported goods to the EU for a total of $ 9.2 billion (46.6% of exports), which is 30% less than the same period last year. Total cost of goods imported to Azerbaijan from these countries amounted to $ 8 February billion is 15% less than in the same period of 2011 ode.
The imports from the EU declined due to France, from where in the 10 months of this year, delivered were goods worth $ 138 million, while in the same period last year the figure was $ 490 million. - 08B-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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