SOCAR oil export fall 13,5 % in January

SOCAR oil export fall 13,5 % in January The State Oil Company of Azerbaijan exported 117,249 tonnes of oil products in January 2012.  This indicator is 13.5% lower than of the same period of the last year. Automobile gasoline-5,678 tonnes, diesel fuel-101,350 tonnes, jet fuel-10,221 tonnes dominate in SOCAR’s export. Azerbaijan has two oil refineries-Azerneftyag and Baku oil refinery named after Heydar Aliyev with a total oil refining capacity at 22,000 tonnes a year. Both... Read More

CESD Policy Recommendation is on the Official Agenda

CESD Policy Recommendation is on the Official Agenda The CESD policy recommendation on applying tax refund system in Azerbaijan was taken into Government of Azerbaijan’s agenda. The recommendation was presented by the CESD on December, 2011 and broadly referenced by almost all leading mass-media institutes.  Russian version of CESD recommendation is available at http://cesd.az/new/2011/12/russian-иностранцам-разрешат-вывозить-потр/?lang=ru ). Ministry... Read More

Does Turkish support for Nabucco end?

Does Turkish support for Nabucco end? Turkey was no longer fully supporting the European Union-backed Nabucco pipeline project to carry Caspian gas to Europe, and is instead prioritizing its own rival TANAP project, an Energy Ministry spokesman told DPA. The spokesman confirmed that Turkey remains part of the six-country consortium backing Nabucco, but that it was now prioritizing the development of the Trans Anatolian Pipeline Project (TANAP), which it is promoting in partnership... Read More