Energy in Azerbaijan

[Joseph]

Re: Energy in Azerbaijan

IMF: Azerbaijan’s economy now expected to contract 3% against the 2.5% growth projected in October
http://arka.am/en/news/economy/imf_d...rmenia_to_1_9/

Good news. Thanks, Mher

[Zeytun]

Re: Energy in Azerbaijan

http://www.azernews.az/business/95112.html

The IMF experts forecast inflation in Azerbaijan to amount to 9.5 percent in 2017.
The IMF experts believe that in 2016, the inflation in Azerbaijan will be 12.8 percent.

So they have low Growth, with high inflation.

[Azad]

Re: Energy in Azerbaijan

"European Stocks Fall as Oil Plunges on Doha deadlock

European stocks followed most Asian markets lower on Monday as oil prices plunged after a meeting of oil producing nations ended on Sunday without a deal to curb production.

Saudi Arabian officials at the meeting in Doha were blamed for the impasse after reportedly refusing to curb production without Iran signing up to the deal. West Texas crude was recently down 5.5% at $38.13 per barrel, while oil companies including BP (BP - Get Report) , Royal Dutch Shell and Total (TOT - Get Report) also fell."

http://www.thestreet.com/story/13533292/1/european-stocks-fall-as-oil-plunges-on-doha-deadlock-nbsp.html

In short, azerbaijan got its anus vaselined.

[Azad]

Re: Energy in Azerbaijan

"Oil Plunges on Doha deadlock

^^^ Few days a go

Baku, Azerbaijan, Apr. 11

"Azerbaijan will support decisions (support it now btch) aimed at stabilizing global oil prices, which will be made during oil-producing countries' meeting on Apr. 17 in Doha, Qatar, Azerbaijan's Energy Ministry told Trend Apr. 11.

Azerbaijan will be represented by the country's Energy Minister Natig Aliyev, according to the ministry.

"The importance of Azerbaijan's participation in oil-producing countries' meeting was emphasized in the invitation letter received by Azerbaijan from Qatar's Energy and Industry Minister Mohammed bin Saleh al-Sada," said the ministry."

http://en.trend.az/business/energy/2518113.html

[Azad]

Re: Energy in Azerbaijan

Retard logic

“Azerbaijan is ready to sign an agreement with other oil-producing countries in Doha,” Azerbaijani Energy Minister Natig Aliyev told TASS on April 16, Oxu.Az reports.
Azerbaijan hopes that after such an agreement the oil price will climb up to USD 50 per barrel by the end of 2016.
Natiq Aliyev told that an agreement in Doha to freeze oil output will be "gentlemen-like" as the draft stipulates no control mechanisms. The draft document offers the oil-producing countries to freeze the production till October at the level as of January, 2016."

http://news.az/articles/economy/106783

[HyeSocialist]

Re: Energy in Azerbaijan

Retard logic

“Azerbaijan is ready to sign an agreement with other oil-producing countries in Doha,” Azerbaijani Energy Minister Natig Aliyev told TASS on April 16, Oxu.Az reports.
Azerbaijan hopes that after such an agreement the oil price will climb up to USD 50 per barrel by the end of 2016.
Natiq Aliyev told that an agreement in Doha to freeze oil output will be "gentlemen-like" as the draft stipulates no control mechanisms. The draft document offers the oil-producing countries to freeze the production till October at the level as of January, 2016."

http://news.az/articles/economy/106783

Freezing production levels for Azerbaijan is a joke since it's constantly producing less oil. Even if they wanted to ramp up production they couldn't.

[Azad]

Re: Energy in Azerbaijan

"Impacts of Doha failure on Azerbaijan

The long awaited meeting in Qatari capital last Sunday resulted in failure on reaching a deal on oil production freeze by the major oil producing countries and was not capable to stabilize the oversupplied oil market and prices.
Natig Aliyev, Azerbaijani Energy Minister who attended Doha meeting said on April 19 that the contradictions existing among member states within the Organization of the Petroleum Exporting Countries impeded to attain success in the meeting on April 17.
Azerbaijan was one of several countries who supported oil freezing initiative at Doha meeting of major oil producers on April 17. Although, Azerbaijan holds roughly 1 percent of the world total oil production, it was interested in solving the oil glut problem in the global market as the country’s main revenues has come from exported hydrocarbon reserves till now. Nevertheless, experts believe that the failure of the meeting will not have negative impacts on Azerbaijan’s economy. hahahaha "experts"

http://www.azernews.az/oil_and_gas/95461.html

[Mher]

Re: Energy in Azerbaijan

Azerbaijan decreases oil export by 15%
in Freight News 20/04/2016

freight_red_oil_barrels1
The share of crude oil in Azerbaijan’s overall export made up 76.01% for Jan-Mar 2016 against 77.61% for 2015, 84.32% in 2014, 84.44% in 2013, 84.6% in 2012, 86.62% in 2011 and 86.53% in 2010. The share of oil in export made up 81.57% in 2009.

The State Customs Committee (SCC) informs that over Jan-Mar 2016 oil export reached 8,146,134.88 tons (in accordance with the control and measuring instruments data) that is less than the export for Jan-Mar 2015 (8,417,368.44 tons) by almost 3.2%. The crude oil export reached 2,725,291.08 tons in January, 2,550,331.7 tons in February, and 2,870,512.1 tons in March of 2016.

Cargo custom declarations registered 5,437,054.07 tons for $1.35 bn for Jan-Mar 2016 that is equivalent to year-on-year income reduction by 48.5% and physical export 15%.

January’s oil export totaled 1,989,186.83 tons for $547.3 million, in February 1,746,407.79 tons for $393.15 million, and in March 1,701,459.45 tons for $412.895 million.

Average export price of Azeri oil, according to customs statistics, makes up $248.9 per ton or about $33.36 per barrel for Jan-Mar 2016 versus $403.74 per ton or about $54.2 per barrel for 2015.

In January 2016 the price was $275.16 per ton ($36.88 a barrel), in February $225.1 ($30.2), and in March $242.7 ($32.53).
Over Jan-Mar 2016 it was pumped 6,899,477 tons via Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev, 1,106,852.8 tons via Baku-Supsa pipeline, and 79,957 tons by rail via Baku-Batumi route.

In 2015 oil export reached 32,520,401.97 tons (in accordance with the control and measuring instruments data) that is less than the export for 2014 (33,040,963.4 tons) by 1.58%.

Cargo custom declarations registered 21,960,322.54 tons for $8.866 bn that means the reduction of proceeds by 51.8% year-on-year and physical export by 7%.

In 2015 it was pumped 26,678,361 tons via Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev, 4,222,614.70 tons via Baku-Supsa pipeline, 1,186,918 tons via Baku-Novorossiysk pipeline and 432,508.27 tons by rail via Baku-Batumi route.
Source: Abc.Az

http://www.hellenicshippingnews.com/azerbaijan-decreases-oil-export-by-15/

[Mher]

Re: Energy in Azerbaijan

macroeconomic figures in Azerbaijan in Q1
GDP change: -4.1% Inflation: 14.5%

http://cesd.az/new/wp-content/uploads/2016/04/Azerbaijan_Economy_first_quarter_2016.pdf

[Mher]

Re: Energy in Azerbaijan

US crude ends at $44.04, up 3.3 pct, on weak dollar, firmer oil product markets

http://www.cnbc.com/2016/04/25/oil-futures-rise-on-weaker-dollar-new-cash-inflows.html