During September 2013 world oil production dropped by 0.33 million barrels a day against August and totaled 89.93 milion barrels a day, reads the OPEC report about the state and conditions of the world oil market, reported RBC.
In September oil production by the OPEC member-states decreased by almost 390,000 barres a day against Augist to 30.05 million barrels a day.
In September 2013 Nigeria, Algeria and Angola have increased oil production, while Iraw, Lybia, Saudi Arabia and Venezuela decreased oil production.
The official limit of oil production by OPEC is 30 million barrels a day till the end of 2013. The quote of the first semi annual period in 2014 will be discussed by the OPEC member-states Ministers at the session on December 4, 2013.—0—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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