Oil keeps dominant position in Azeri export as 92% of total export

Oil keeps dominant position in Azeri export as 92% of total export Oil and oil products made 92,0 % of Azerbaijan’s export by results of January-April, 2012.According to sources in the State Customs Committee, in the reporting period, crude oil made 86,29 % of Azerbaijan’s export and oil products made 5,0 %. According to the State Committee reports, oil and oil products made 92,0 % of Azerbaijan’s export in 2011, too. “Only 8 % of export is... Read More

Azerbaijan Economy in the first quarter of 2012

Azerbaijan Economy in the first quarter of 2012 Decline wave in production sector keep on the first quarter of 2012 in spite of the fact that Government of Azerbaijan has been trying to attain expansion in above mentioned sector.  Considering keeping still high portion of oil sector in total GDP, decline in oil sector noticeably reduce economic growth rate in Azerbaijan. Oil sector is still dominant in both GDP and budget revenues based on the results... Read More