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In which country of the South Caucasus are gasoline prices cheaper?
In which country of the South Caucasus are gasoline prices cheaper?
By May 10 of this year, the average price of gasoline in the world was 1.35 US dollars per liter, the weekly Global Petrol Prices report. According to the report, Iran took the first place in the rating of low gasoline prices - 0.029 dollars per liter. Hong Kong became the most expensive by the cost of gasoline - 3,212 US dollars per liter.
The TOP 3 includes Libya at $0.031 and Venezuela at $0.035. The top ten countries also include Turkmenistan, which is in 8th place with a cost of a liter of gasoline of $ 0.428.
The TOP 15 includes Kazakhstan, which took 13th place ($0.554 per liter) and Azerbaijan - 15th place ($0.588 per liter).
Of the countries of the region (South Caucasus), Georgia ranks 64th ($1.235 per liter), Armenia - 89th ($1.367 per liter), Russia the 16th - 0.609 dollars per liter, and Turkiye - the 75th - 1.322 dollars per liter.
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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