Sharp decline in Azerbaijani oil export in January 2018

Sharp decline in Azerbaijani oil export in January 2018 Azerbaijani oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline fell by 33 percent in January 2018 compared January 2017. The country exported 1.6 million tons oil last month through the indicated pipeline which 0.8 million tons less than compared with the same month in 2017. Azerbaijan exported 550,000 tons of transit oil were pumped from Turkmenistan and Russia via BTC in January 2018. Meanwhile,... Read More

Azerbaijan Economy in the first eight months (January-August) of 2017; Brief Overview

Azerbaijan Economy in the first eight months (January-August) of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first eight months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 1.1 % in January-August of 2017 compared with the period of 2016 since CESD... Read More