This year oil production in Russia will total 517 million tons, according to the preliminary information, Mikhail Gryaznov, chief of the Ministry of Energy’s Department, said at the conference Russian Oil and Gas Industry.
He said the production growth has been ensured at the expense of growth of investments into the field and a successful implementation of the mechanism 60-66 has allowed satisfying the growing demand in fuel.
It has been earlier reported that the Ministry of Energy planned the oil production at 515 million tons, reported http://itar-tass.com.--0--
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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