Azerbaijani Oil Income in September 2016

Azerbaijani Oil Income in September 2016 The State Oil Company of Azerbaijan Republic (SOCAR) reports that oil export fell by 9.4% in September 2016 compared with the previous month. The SOCAR reports that it exported 1.386 million tons of oil against 1.53 million tons in August and 1.924 million tons in July (this year’s best indicator). September’s oil export via Baku-Novorossiysk oil pipeline reached 169,279 tons (versus 169,702 tons in August... Read More

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017

OPEC: Oil output in Azerbaijan will fall by 40,000 bpd in 2017 According to OPEC’s monthly oil market report has recently published, Azerbaijan’s oil supply is anticipated to average 0.85 million barrels per day (bpd), indicating a decline by 10,000 bpd in output in 2016. OPEC also expects decline in oil production in Azerbaijan by 40,000 bpd in 2017 due to a lack of new project start-ups. June 2016 oil output in Azerbaijan declined by 10,000... Read More

Azerbaijani oil income declined by about 2.0 times

Azerbaijani oil income declined by 2.0 times The State Customs Committee of Azerbaijan Republic has reported that Azerbaijani oil export was $2.315 billion US for Jan-May 2016 versus $4.035 billion US for the same period in 2015. The official statistics show that Azerbaijan oil export declined by 1.74 times in the first five months of 2016 compared to the same period previous year. Azerbaijan oil export was $429.809 million US on May 2016 against... Read More

Azerbaijani Oil Income Declined by 22.0 % in October

Azerbaijani Oil Income Declined by 22.0 % in October % State Oil Company of Azerbaijan Republic (SOCAR) 1.779 million tons of oil in October against 2.175 million tons in September, 1.211 million tons in August, 1.448 million in July, 2.264 million tons in June (the best index for 2015), 1.69 million tons of oil in May and 2.121 million tons in January. In October the oil was not exported via Baku-Novorossiysk pipeline versus September’s export... Read More

Azerbaijani Oil Income in March 2015

Azerbaijani Oil Income in March 2015 Oil export declined by 26.0 % in March 2015 Azerbaijan exported 1 million 396 thousand tonnes oil was exported through all existing pipelines in March 2015. SOCAR Marketing and Economic Operations Department exported 169 thousand 470 tons of crude oil from the Novorossiysk Port, 254 thousand 3 tons of crude oil from the Supsa Port, and 1 million 226 thousand 280 tons of crude oil from the Ceyhan Port in March 2015.... Read More

$ 1 billion oil money for each month

$ 1 billion oil money for each month CESD: “SOFAZ is not adequately meeting its central objectives” Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2012 reached 10,1 billion mantas ($ 12, 9 billion US) , while budget expenditures constituted 7,5 billion Mantas  ($ 9,7 billion US.) Since $ 9,7 billion US spent in the last 9 months of 2012, it means that more than $ 1 billion US... Read More