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

Azerbaijani Oil Income in April 2015

Azerbaijani Oil Income in April 2015 Azerbaijan exported 1.705 million tons of oil in April 2015 against 1.649 million tons in March, 1.969 million tons in February and 2.121 million tons in January this year. Meanwhile, oil export via Baku-Novorossiysk reached 84,701 tons, Baku-Supsa – 254,164 tons, and Baku-Tbilisi-Ceyhan (BTC) n.a. Heydar Aliyev oil pipeline – 1.37 million tons. The SOCAR has announced that Azerbaijani oil export grew... Read More

SOCAR reacts to falling energy prices by cutting oil export

SOCAR reacts to falling energy prices by cutting oil export State Oil Company of Azerbaijan (SOCAR) reduced export of petroleum products in November 2014 by 41.5% compared to the previous month. According to the SOCAR, overall export of Azeri oil products totaled 77,851 tons in November versus 133,067 tons in October, 183,931 tons in September, 280,705 tons in July (the best level for 2014) and 21,983 tons in April (the worst monthly index). This... Read More

Azeri Oil Output Declined in the first five months of 2014

Azeri Oil Output Declined in the first five months of 2014 Azerbaijan produced 17.7 million tonnes of oil and gas condensates in the first five months of 2014, versus 18.12 million tonnes in the same period of 2013, the Azerbaijan State Statistical Committee reported on June 12, 2014. The output declined by 2.3 % in the indicated period of 2014 compared to the same passé in previous year. The most part of the produced oil fell to the Azeri-Chirag-Guneshli... Read More

Azerbaijani Oil Export in Decline

Azerbaijani Oil Export in Decline Azerbaijan State Oil Company (SOCAR) reported that a total of 24,357,746 tons of Azerbaijani crude oil was exported to world markets through the Baku-Tbilisi- Ceyhan (BTC) port in the first ten months of 2013. The export was 2,414,780 tons in October, 2013. Azerbaijani oil export through BTC in the first ten months of 2013 declined by 1,0 % compared to the same period of 2012. More than 24,594 million tons oil was... Read More

Azeri Oil Export Sinks to Lowest Level Since 2010

Azeri Oil Export Sinks to Lowest Level Since 2010 Azerbaijan exported 20, 22 million tons oil by Baku-Tbilisi-Ceyhan (BTC) in the first eight months of 2013 according to the CESD sources at the State Oil Company of Azerbaijan Republic (SOCAR). Oil export declined by 2, 2 % in the indicated period compared with the same period of 2012. 20, 66 million tons Azeri oil was exported in the first eight months of 2012. BTC transported 29.67 million tons of... Read More

Azerbaijan Economy in The First 7 Months of 2013; Brief Overview

Azerbaijan Economy in The First 7 Months of 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first 7 months of the year on August, 16, 2013. According to CESD survey, GDP Growth was 3, 8 % in the first seven months of 2013 meanwhile, the center’s price calculation results reached 3,17 % inflation rate in the same period. State Statistics Committee of Azerbaijan, however, reported... Read More

Azerbaijan Economy in The First Half of 2013; Brief Overview

Azerbaijan Economy in The First Half of 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half of year on July, 22, 2013. According to State Statistics Committee of Azerbaijan, oil production is in stabilization phase in Azerbaijan, now since the committee reported only 0,7 % decline in oil GDP. CESD calculations, however, show that oil GDP declined by 2,1 % in the indicated... Read More

BTC pipeline oil export declined by 3,3 %

BTC pipeline oil export declined by 3,3 % 15, 18 million tons oil was exported through the Baku-Tbilisi-Ceyhan pipeline in the first half of 2013 according to the State Oil Company of Azerbaijan Republic. Export declined by 502 thousand tons compared in the indicated period with the same period in 2012. In January, the pipeline exported 2.577 million tons, in February – 2,327 million tons, in March – 2.438 million tons, in April –... Read More

SOCAR oil export declined by 4,0 %

SOCAR oil export declined by 4,0 % State Oil Company of Azerbaijan (SOCAR) exported 8,392m tonnes of oil via the Baku-Tbilisi-Ceyhan pipeline (BTC) in the first five months of 2013. Compared to the same period last year, exports through the pipeline decreased by 341,000 tonnes, SOCAR reported. SOCAR exported 8, 733 million tonnes in the first five months in 2012. Concernig to monthly export in 2013, the export was 1, 429 million tonnes in January,... Read More

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