What was Azerbaijani oil export price in 2014?
During 2014 Azerbaijan exported 33,040,963 tons of oil, down 3.6% against 2013.
According to the State Customs Committee, according to the meters, in 2014 26,871,531 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, 4,232,675 tons via the Baku-Supsa oil pipeline, 1,018,248 tons via the Baku-Novorossiysk oil pipeline and 918,508 tons of oil by railway to the Georgian ports.
According to the Committee, the volume of declared exported oil during that year totaled 23,611,888 tons to the amount of $18,404,936,062. This means that last year Azerbaijan exported 1 ton of oil at the price of $779.48 or $105.33 per barrel.
However, in reality Azerbaijan hardly exported 1 barrel of its oil at an average price of $105.33.
The analysts of the Centre for Oil Studies of Azerbaijan explained that according to the information released by the London Exchange, average annual price of Brent oil was $99.29 per barrel. Usually Azerbaijani oil is sold at a slightly higher price, than Brent. The thing is that the current price is based on 71.4% volume of the declared oil. The customs agencies have not registered yet 26.8% of exported volume of oil (usually it takes about two months to transfer money to the companies’ accounts, to sell oil in ports and to receive bank confirmation).
The Centre also reminded that in 2013 average export price of Azerbaijani oil was $110.06 per barrel.—0-
Economics
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
Həbslər, sanksiya çağırışları və mesajlar... – Ərəstun Oruclu ilə gündəm müzakirəsi Çətin sualda
News Line
-
- Social,
- 13:08
- 163
Leave a review