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’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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