The Azerbaijani economy in the first two months of 2018: Brief Overview

The Azerbaijani economy in the first two months 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 1.3% in January-February 2018 compared with the same year of previous year: The CESD’ figure for the same period was 0.9%. The GDP totaled... Read More

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... Read More