 | Production boom thanks to oil extraction |
In January 2001, industrial production volume surged 0.4% to 2000. The boost is mainly attributed to the noticeable increase in oil production by BP. In other sectors, production dwindled, with gas extraction decreasing 8%, of which natural gas 11% and associated gas 5%.
Other production sectors have also been in recession, with road metal production reducing 70% and salt 16%.*
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Issue: March, 3, 2001
POLITICS
President Aliyev leaves for Paris500th anniversary of Sefevid state to be markedAround 400 NGOs in Azerbaijan
ECONOMICS2-month offshore drilling plan fulfilledProduction boom thanks to oil extractionState enterprises pay AZM1.5 trillion in taxBank expanding network of int'l transfersNew grant program announcedFood make up two thirds of turnoverInterior design, construction exhibition due in BakuUnderground seeking investors
ECOLOGYCaspian is no North Sea
NEWS OF BAKUBars to work till midnight
MISCELLANEOUSInt'l conference on refugees expected
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