State Oil Company of Azerbaijan (SOCAR) published the statistics of hydrocarbon production in January 2015.
According to this information, in January 2015 the country extracted 2,496,000,000 cub.m. of gas, down 7.2% against January 2014.
According to the Azerbaijan State Statistical Committee, the production totaled 2,493,000,000 cub.m., of which 1,759,900,000 cub.m. was tank gas. According to the Committee, the decline of gas production constituted 6.6%, though the growth of tank gas production constituted 7%.
The difference between SOCAR’s statistics and SOCAR during one month was about 3 million cub.m..
It is also unknown why in January 2015 SOCAR’s gas production decreased by 17.6% against January 2014.
According to SOCAR, in January 2015 it extracted 570.2 million cub.m. of gas, though in January 2014 SOCAR extracted 691.5 million cub.m. of gas.—0—
Economics
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Azerbaijan and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
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Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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