Azerbaijani oil output: In permanent decline?

Azerbaijani oil output: In permanent decline? The State Statistics Committee of Azerbaijan has reported that the country produced 12.6 million tons of oil in the first four months of 2017 that was by 9.5% less compared with the period of 2016. Oil stocks as of 1 May 2017 reached 414,700 tons against 629,300 tons by 1 April and 410,200 tons by 1 January 2017. In 2016 the country produced 41.03 million tons of oil that was less than production for 2015... Read More

Sharp Decline in Azerbaijani Oil Income in January 2015

Sharp Decline in Azerbaijani Oil Income in January 2015 Azerbaijan exported 1 million 697 thousand 768 tones crude oil through Baku-Tbilisi-Ceyhan (BTC) pipeline in January, 2015: according to the CESD report based on State Oil Company of Azerbaijan Republic’s (SOCAR) official figures. Meanwhile, the country exported 169, 507 thousand tones crude oil through Baku Novorosiysk and 254, 107 thousand tones via Baku Supsa pipelines in the indicated... 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

Azerbaijan Economy in The First Four Months in 2013; Brief Overview

Azerbaijan Economy in The First Four Months in 2013; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first four months of year on May, 17, 2013. Independent calculated data show that decline in oil production and oil export was continued in the first four months of 2013. Meanwhile, the government reports also proof that decline in oil export continue in the same period of 2013. State... Read More

World Top Mass-Media Institutions Cite CESD Reports

World Top Mass-Media Institutions Cite CESD Reports Some leading world newspapers have recently distributed article on Azerbaijan economy which titled as “Loose fiscal policy could threaten Azeri economy” where roughly cited CESD reports.  The article addresses CESD reports and macro-economic calculations as the main alternative and independent source in the country. Azerbaijan economy was discussed in the report based on both State Statistic... Read More

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector

Decline in Azerbaijan’s Industrial Production Linked to Downward Trend in its Oil Sector Azerbaijan industrial production dropped to 3,0 billion manat ($ 3,84 billion) in January 2013, according to data released by the State Statistic Committee of Azerbaijan. Compared to this time last year, industrial production has declined 2,0%, down from 3,06 billion manat ($ 3,92 billion) in industrial products registered in January 2012. According to the State... Read More

Trend of Decline in Azeri Oil Export

Trend of Decline in Azeri Oil Export CESD Forecasts decline in oil output by 5,0 % in 2013 Azeri oil export declined by 15.3% in January 2013 compared with the previous month according to State Oil Company of Azerbaijan (SOCAR). The company reports that it exported 1.67 million tons in January 2013 (compared to 1.976 million tons in December). Last year’s highest export occurred in July (2.36 million tons). In January 2013, 2,629 tons of oil was... Read More

BP prepares plan for oil production from ACG for 2013

BP prepares plan for oil production from ACG for 2013 In continuation of discussions with the State Oil Company of Azerbaijan, BP completed the detailed review of productiveness of the ACG block of fields in Caspian Azeri sector.  The statement is contained in the press release of the BP company. “The aim of the review is the analysis of the plan of production supply for 2013 and revealing the ability to react to technical problems”, the message... Read More

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