Azeri Oil Export Significantly Down in 2011

Azeri Oil Export Significantly Down in 2011 Azerbaijan’s overall export of oil products dropped by 21.6% in 2011. SOCAR exported 155.663 thousand tons of crude oil through Novorossiysk port (Black sea, Russia), 161.697 thousand tons – through Supsa port (Black sea, Georgia), 1,645.230 thousand tons – Jeyhan port (Mediterranean sea, Turkey). Compared to December, 2010, oil export through Novorossiysk port dropped 6%, through Jeyhan port decreased... Read More

Is AGRI Real?

It will soon be possible to speak about the economic feasibility of the Azerbaijan-Georgia-Romania Interconnector project, Prime Minister of Azerbaijan Artur Rasizade said in Tbilisi after a meeting of the Georgian-Azerbaijani intergovernmental commission. Mr Rasizade said that while this project is under development it requires a solution to many problems. “Issues of economic and financial efficiency take time and only after a few months we... Read More

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