During six months this year US has imported 575,000 barrels of oil products from Azerbaijan, up 6.8 times against January-June last year, reads the information posted on the web site of the US Energy Information Agency (EIA).
During the same period last year the US has imported 84,000 barrels of oil products from Azerbaijan.
In 2014 US has imported 484,000 barrels of oil products from Azerbaijan against 366,000 barrels in 2013.
After a long break (since 2009), in 2012 the US resumed oil products deliveries from Azerbaijan. In 2008 308,000 barrels of Azerbaijani oil products were imported to the US.
However, EIA did not specify what oil products the US imports from Azerbaijan.
Azerbaijan does not import petrol to the world markets. It imports only diesel fuel to the regional market. SOCAR’s competitive oil products at the world market is the aviation kerosene.—0—
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review