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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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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