BAKU, Azerbaijan, August 24. A complete of 74,200
tons of heavy gasoline oil had been produced in Azerbaijan from January
by means of July 2026.
This was introduced within the report by the State Statistics
Committee.
In line with the report, this determine rose by 17,600 tons, or
31.1%, in comparison with the identical interval of 2025.
As of August 1 this yr, shares of completed heavy gasoline oil at
the warehouses of the nation’s industrial enterprises stood at
5,100 tons.
In the course of the reporting interval, the whole manufacturing worth in
Azerbaijan’s petroleum merchandise sector amounted to three.46 billion
manat ($2.03 billion), down 4.9% in comparison with the primary 7 months of
final yr.
In an interview with Development, Jihad Azour, director of the Worldwide
Financial Fund’s Center East and Central Asia Division, mentioned
revenues generated by the vitality sector must be managed
effectively to strengthen long-term financial resilience.
In line with Azour, efficient administration of revenues from the
oil and petroleum merchandise sector is especially vital given
the excessive volatility in world vitality markets.
“We stay in an setting of extremely unstable oil and fuel
costs, and it’s due to this fact vital to plan forward to keep away from
extreme dependence on intervals of peak costs,” Azour informed
Development.
