Economics - 2016
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The Minister of Economy Shahin Mustafayev reported in the official parliamentary newspaper Azerbaijan that the country has 42 logistics centers of the scheduled 52 - for harvesting and storage of vege...
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Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan sold $ 50 million to 23 financial institutions. According to SOFAZ, since April it has exp...
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The Ministry of Agriculture has prepared a new subsidy mechanism in the field of seed production. Under the new mechanism, which will soon be submitted to the Government, grants will be issued dependi...
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SOCAR has extracted almost 1 bcm of gas from the big gas condensate field Umid, Khoshbakht Yusifzada, SOCAR’s Senior Vice President, said at the Caspian Oil & Gas 2016 conference. The entire vo...
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From January to May 2016 13.5 million tons of oil (100 million barrels) has been extracted from the offshore bloc of Azeri-Chirag-Guneshli (ACG) fields operated by BP. Since beginning of extraction...

