The Azerbaijan economy in the first quarter of 2018: Brief Overview

The Azerbaijan economy in the first quarter (January-March) of 2018: Brief Overview CESD – the Center for Economic and Social Development – concluded its macro-economic survey results for the first two months of 2018. According to the State Statistic Committee of Azerbaijan, Gross Domestic Product (GDP) increased by 2.3 % in January-March 2018 compared with the same period of previous year: The CESD’ figure for the same period was 1.9 %. Download... Read More

Sharp decline in Azerbaijani oil output in March 2018

Sharp decline in Azerbaijani oil output in March 2018 Azerbaijan produced 740,000 b/d of crude oil and 54,000 b/d of condensate, exported 629,600 b/d of crude oil, 54,000 b/d of condensate and 10,600 b/d of oil products in March 2018. According to Energy Ministry, average production by Azerbaijan made up 814,600 barrels of oil per day in January, 806,000 barrels in February in accordance with the agreement on keeping daily output at 834,000 barrels... Read More