US gas resumed Azerbaijani oil import, reported the US Energy Information Agency (EIA).
From January to April 2016 US imported from Azerbaijan 2.1 million barrels (284,000 tons), while during the same period in 2015 Azerbaijani oil was not imported into this country.
In 2015 Azerbaijani oil export to the US totaled 4.82 million barrels against 8.4 million barrels in 2014.
Since quarter 4, 2015 oil extraction in the US dropped by 600,000 barrels. For this reason US has been gradually increasing oil import.—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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