Azerbaijani Oil Income in May 2015

Azerbaijani Oil Income in May 2015 Azerbaijan exported 1.692 million tonnes crude oil in May 2015. Crude oil export decreased by around 1.0 % in May 2015 compare with previous month. Meanwhile, the country exported 169 thousand 559 tons of crude oil from the Novorossiysk Port, 169 thousand 425 tons of crude oil from the Supsa Port, and 1 million 352 thousand 966 tons of crude oil from the Ceyhan Port in May 2015.In general, 678 thousand 46 tons of crude oil were exported from... Read More

Currency reserves of Azerbaijan Central Bank grow first time since August 2014

Currency reserves of Azerbaijan Central Bank grow first time since August 1, 2014 The Central Bank of Azerbaijan (CBA) reports that devaluation of the national currency has finally helped to save its currency reserves from fall: in May they demonstrated growth for the first time since August 1, 2014. The CBA reports that as of 1 June 2015 its billion US currency reserves totaled $ 8.43 versus $ 8.397 billion US by 1 May, $9.47 bn by 1 April, $11.004 billion US by 1 March, $12.68... Read More