US ExxonMobil and Chemlube INT Inc companies with participation of local specialists have worked out the project of reconstruction of the oil refinery in Turkmenbashi city, reported the Turkmenistan Ministry of Oil and Gas Industry and Mineral Resources.
The same source said that the US companies have worked out the project for reconstruction of the installation for manufacture of oils by introduction of the catalytic isodeparaffination process.
“As soon as the project is implemented, the plant will be able to increase production of oils by 100,000 tons a year and start manufacture of new types of the so-called hydro-synthetic oils,” the same source said.—0---
Economics
-
Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
-
The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
-
Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
-
Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
Leave a review