CESD: Low oil price negatively affects on the currency market in Azerbaijan

CESD: Low oil price negatively affects on the currency market in Azerbaijan The significant decline in oil prices on world markets is due to a multitude of international factors in the social, political and economic spheres. In particular, the decline caused an increase in US oil production. The remarks came from economic expert Vugar Bayramov, Chairman of Center for Economic and Social Development (CESD), Azerbaijan in an interview with CBC. In... Read More

Azerbaijani Oil Income in June 2015

Azerbaijani Oil Income in June 2015 State Oil Company of Azerbaijan Republic (SOCAR) exported 1 million 959 thousand 619 toness oil in June 2015. Out of this volume, 339 thousand 20 tons of crude oil was exported through the Supsa Port and 1 million 925 thousand 699 tons of crude oil via the Ceyhan Port in the reporting period. In general, 678 thousand 46 tons of crude oil were exported from the Novorossiysk Port, 1 million 524 thousand 900 tons... Read More