Azerbaijani Oil Income in August 2017

Azerbaijani Oil Income in August 2017 The State Oil Company of Azerbaijan Republic (SOCAR) reports that the company exported 254,363 thousand tons of crude oil from the Russian port of Novorossiysk and 1,733 million tonnes of crude oil from the Turkish port of Ceyhan in August 2017. Azeri oil price slightly increased in August 2017 compared with the previous month since the price was below $ 50.0 US per barrel in July 2017 Meanwhile, the oil price... Read More

Azerbaijan: economy trapped to the Caucasus. The next 15 years between the Russian Federation, Turkey and Iran

Azerbaijan: economy trapped to the Caucasus. The next 15 years between the Russian Federation, Turkey and Iran OECD has published CESD Research Organization for Economic and Cooperation and Development (OECD) has published “Beyond Shifting Wealth: Perspectives on Development Risks and Opportunities from the Global South” Book. CESD Research Team’s article was included to the publication, too. As the publication has underlined that emerging... Read More

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

Azerbaijani Oil Income in March 2015

Azerbaijani Oil Income in March 2015 Oil export declined by 26.0 % in March 2015 Azerbaijan exported 1 million 396 thousand tonnes oil was exported through all existing pipelines in March 2015. SOCAR Marketing and Economic Operations Department exported 169 thousand 470 tons of crude oil from the Novorossiysk Port, 254 thousand 3 tons of crude oil from the Supsa Port, and 1 million 226 thousand 280 tons of crude oil from the Ceyhan Port in March 2015.... Read More

New decline in oil industry and Growth in non-oil sector in Azerbaijan

New decline in oil industry and Growth in non-oil sector in Azerbaijan The State Statistics Committee of Azerbaijan reported that oil and gas industry declined by 1.7% in last 10 months of 2014 compared to the same period in previous year. Monthly decline has been observed in 2014. The highest declined was registered in January, 2014: energy sector declined 5.2 % in the first month compared to the same month of 2013. Meanwhile non-oil industry grew... 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

SOCAR Oil Production Fall by 2.5%

SOCAR Oil Production Fall by 2.5% The State Oil Company of Azerbaijan produced 5,5 million ton oil in the first 8 months in 2012. The statement came from sources in SOCAR. Production made 706,6 thousand ton in January, 660,9 thousand ton in February, 660,9 thousand tin in March, 684,3 thousand ton in April, 700,9 thousand ton in May, 678,5 thousand ton in June, 700,9 thousand ton in July, 701,8 thousand ton in August. Oil production has dropped by... Read More

Risks for new Energy Crisis Lessened

Risks for new Energy Crisis Lessened Top oil producer increased exports piercingly Top oil producer Saudi Arabia increased exports sharply in the past week and is offering extra supplies to its biggest customers worldwide in what industry sources said appeared to be a bid to tame runaway crude prices, Reuters reported. Saudi exports surged to just over 9 million bpd in the last week, compared to an average of about 7.5 million for January, three industry... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More