Automobile fuel sales increased by more than 6.5% in Azerbaijan
In January-April 2024, gasoline and diesel fuel worth 988.4 million manats or 581.4 million dollars were sold to consumers in the retail network of Azerbaijan.
This is by 6.6 percent more than in the same period last year, the monthly report of the State Statistics Committee of Azerbaijan.
In 4 months, 5.8 percent of the country's retail trade turnover was accounted for by consumer purchases of motor gasoline and diesel fuel. In January-April 2024, goods worth 17 billion manats ($10 billion) were sold to consumers in the retail trade network in Azerbaijan, including food, beverages and tobacco products worth 9.6 billion manats ($5.65 billion), non-food products worth 7.4 billion manats ($4.35 billion).
Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million. In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.
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