Daily oil production in Azerbaijan will be 0.85 million barrels in 2016 and 0.81 million barrels in 2017, according to the forecasts of the US Energy Information Administration (EIA), included in the Short-term Energy Outlook for August 2016. The forecast remained unchanged compared to the EIA Short-term Energy Outlook published in July. The country’s oil…
Belarus saw a 0.4% inflation growth in July and 7.8% in January-July, the National Statistics Committee (Belstat) said. In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%. In July Belarus’ consumer…
Belarus’ foreign trade deficit totaled $148.7 million in January-June, compared to a $783.1 million surplus in January-June 2015, the National Bank of Belarus said. The overall turnover of commodities and services in foreign trade shrank by 13.6% YoY, to $28.156 billion. Exports of commodities and services dropped by 16.1% YoY, to $14.004 billion, and imports…
Belarus’ government is considering a bill amending the Tax Code, which suggests that the rates of the excise tax on cigarettes should be raised on January 1, 2017 by 4.1-4.6% for the H1 2017 period (from the H2 2016 level) and on July 1, 2017 by 5.2-5.7% (from the H1 2017 level) for H2 2017.…
Belarusian oil refineries processed 11.937 million tons of crude in January-June, up by 0.5% YoY, Belneftekhim reported. In H1 Belarusian oil refineries increased output of the AI-95 petrol by 30%, kerosene – by 40%, bitumen – by 43.9%, compound fertilizers – by 52.4%, ethylene polymers – by 3.1%, truck and bus tyres – by 52.4%.…
Liquefied gas exports to Ukraine by Belarus’ state oil and gas production monopoly Belorusneft edged down by 7.5% YoY in January-May 2016 to $26.776 million, a source in the profile ministry said. Belorusneft runs a special facility, which produces liquefied gas. Belarus increased liquefied gas export to Ukraine by 27.1% in January-May 2016 to 120,400…
Belarus and India closely cooperate to raise the mutual trade to $1 billion. Ambassador Extraordinary and Plenipotentiary of India to Belarus Pankaj Saxena made the statement during the press conference in anticipation of India Independence Day. The Ambassador said it was feasible to raise Belarus-India trade to $1 billion. In his opinion, there is a…