The session of the Cabinet of Ministers devoted to the socio-economic development in 2013 and the forthcoming tasks in 2014 took place yesterday under chairmanship of Azerbaijani President Ilham Aliyev.
The officials of the energy sector did not make the annual reports at the session. President spoke only about the Shah-Deniz-2 project.
On December 28, 2013 Azerbaijani President Rovnag Abdullayev made a speech at the session devoted to the annual results and said that in 2013 the country extracted 43.5 million tons of oil. Considering that, last year Azerbaijan had a growth of production by 600,000 tons against 2012. The most important thing is that for the first time since 2010 Azerbaijan managed not only to stop oil production decline, but also to increase production. But this fact has not been mentioned by President at the session.
Although early December the officials announced the growth of oil production in Azerbaijan by 0.2% from January to November 2013, not waiting for the release of the official data by the State Statistical Committee.—0--
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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