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

Azerbaijani Oil Income in February 2015

Azerbaijani Oil Income in February 2015 Azerbaijani oil export slight increased last month compared with January 2015 since the country exported 1,885 million tones crude oil to the world market in February 2015. According to the State Oil Company of Azerbaijan Republic (SOCAR), 84 thousand 807 tons of crude oil from the Novorossiysk Port, 254 thousand 179 tons of crude oil from the Supsa Port, and 1 million 630 thousand 350 tons of crude oil from... Read More

2015 Growth Forecast for Azerbaijan Adjusted

2015 Growth Forecast for Azerbaijan Adjusted The European Bank for Reconstruction & Development (EBRD) has announced Regional Economic Prospects 2015. The Bank has adjusted its official growth forecast from 3.0 % to 1.5 % in 2015. The Bank has reported that Azerbaijan has “suffered” because of its dependence on hydrocarbons whose prices have fallen. At that, the ERBD is confident in the country’s sustainability to external shocks and... Read More