Category Archives: Industry

TANAP to ensure transportation of gas volumes envisaged for Europe, starting next year

Transportation of gas in the volume of 12,2 bln. Cubic metres via Trans-Anatolian gas pipeline this year, said Saltuk Düzyol, General Director of TANAP Consortium at the press conference, APA-Economics reports.   According to him, 6 bln. cubic metres of mentioned volumes are envisaged for Turkey, while 6,2 bln. Cubic metres for Europe.   Duzyol

8.4 bln. c/m gas transported to Turkey via TANAP so far

8.38 billion cubic meters have been transported from Azerbaijan to Turkey (to Botas Company) through the Trans-Anatolian gas pipeline (TANAP) from the commissioning of the pipeline (June 30, 2018) until now, said Director-General of the TANAP Consortium Saltuk Duzyol at the press conference, APA-Economics reports.   According to him, 2 billion cubic meters of gas

Inflation in Azerbaijan made up 2,8% last year

The consumption prices index in Azerbaijan made up 102,8% in 2020 compared to 2019, including 105% for food products, beverages and tobacco products, 101,3% for non-food products, and 101% for paid services rendered to population, the State Statistics Committee told APA-Economics.   “In December of 2020, the consumption prices index made up 100,8% compared to

Nakhchivan’s foreign trade turnover increased by 2,7% last year

The volume of foreign trade turnover of the Nakhchivan Autonomous Republic in 2020 amounted to USD 510 547,4 thousand, exceeding the corresponding figure for 2019 by 2,7%, Nakhchivan State Statistics Committee told APA-Economics.   Compared to 2019, the volume of exports in 2020 increased by 0,7% to USD 428 520,4 thousand.   Source: Azeri-Press News

Nakhchivan’s GDP increased by 1.1% last year

The volume of Gross Domestic Product (GDP) of the Nakhchivan Autonomous Republic in 2020 increased by 1.1% in comparison to 2019 (at comparable prices) and amounted to 2 907 810,5 thousand manats, Nakhchivan State Statistics Committee told APA-Economics.   Last year, the GDP per capita in Nakhchivan increased by 1,8% compared to 2019 and amounted

SOCAR and API sign Memorandum

The online video meeting has been held between the leadership of SOCAR and the American Petroleum Institute (API) and the Memorandum on cooperation in safety and quality of industrial processes has been signed, SOCAR told APA-Economics.   Source: Azeri-Press News Agency  

China 2020 exports up despite virus, surplus surges to $535 bln.

China’s exports rose in 2020 despite pressure from the coronavirus and a tariff war with Washington, boosting its politically volatile trade surplus to $535 billion, one of the highest ever reported, APA reports citing Associated Press.   Exports increased 3.6% over 2019 to $2.6 trillion, an improvement on the previous year’s 0.5% gain, customs data