Azerbaijani Oil Export Declined by 23.7 % in April 2016

Azerbaijani Oil Export Declined by 23.7 % in April 2016 State Oil Company of Azerbaijan Republic (SOCAR) exported 159 599 tons of crude oil from Novorossiysk port, 176 598 tons from Supsa port, 1 112 953 tons from Ceyhan port in April 2016.Generally, 239 536 tons of crude oil was exported from Novorossiysk port, 776 198 tons from Supsa, 5 741 694 tons from Ceyhan port, 14 946 tons from Kulevi port in January-April 2016. Download Full Report Here  Read More

How Will Oil Price Impact on Azeri State Budget?

How Will Oil Price Impact on Azeri State Budget? Cheapening of oil price in world markets does not create a threat for state budget of Azerbaijan, Deputy Finance Minister Azer Bayramov said. To him, base price of oil in the budget (100 dollar/barrel) is average annual price. ‘At present, average annual price of oil is not lower from the level considered in the budget’, he said, APA reports. Note that, as of the beginning of 2012, price of Azeri... Read More