In May 2016 oil export from the US increased by 12% up to a record 662,000 barrels (without condensate) against 591,000 barrels a day in April, according to the statistics.
US exports oil to the following countries: Canada (308,000 barrels a day), Netherlands (110,000 barrels a day), Curacao (67,000 barrels), UK (36,000 barrels), Japan (29,000 barrels) and Italy (23,000 barrels), reported TACC.
According to the US government, total export index has become the highest since 1920.
In June 2016 Azerbaijan exported over 650,000 barrels of oil a day to the world markets (without condensate).—0-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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