Azerbaijan GDP in the first 2 months of 2012

Azerbaijan GDP in the first 2 months of 2012 Azerbaijan produced AZN 8 bln-GDP, in January-February, 2012, up 0.5% from year earlier. State Statistical Committee says, during the reporting period, GDP in the non-oil sector grew by 7.1% to 42.6%, while GDP in the oil and gas sector declined by 4.5%.  In this case, 60.5% of GDP have fallen to the share of industry, 2.5% – agriculture, hunting and forestry (an increase of 2.8%), 5% – transport (1.6%), 5% – construction... Read More

Oil Production Down, Revenue Increase

Oil Production Down, Revenue Increase Export of Azerbaijani oil products amounted to 1.4 billion manat in 2011, which is 176.2 million manat more than in 2010. It was stated in a government report on the results of 2011, presented to the Parliament. According to the report, the country exported about two million tons of petroleum products only in 2011. Around 3.69 million tons of oil has been sold on the domestic market of Azerbaijan in 2011, which is 448.3 thousand tons more... Read More