Page 34 - Caucasus Outlook 2023

July 2022. According to the deal, Azerbaijan agreed to boost Southern
Gas Corridor exports to 20 bcm per year by 2027, the maximum
capacity of the pipeline network.

Azerbaijan generated 38.4 bcm of natural gas during January to
October 2022, according to operational statistics. Azeri-Chirag-Gunashli
generated 11.1 bcm of gas, Shah Deniz produced 20.7 bcm, while
SOCAR produced 6.6 bcm. Gas production increased by 7.3 %, or 2.6
bcm y/y.

3.3.5 Construction
In January-October of 2022, construction materials worth AZN617.7 mn
were produced in Azerbaijan. According to the information provided by
the State Statistics Committee, this is 26.4% more y/y.

The volume of cement production in the country decreased by 0.2% to
2.8mn tonnes, the volume of asphalt production decreased by 56.1% to
145,900 tonnes, the volume of brick production increased by 20.5% to
421,000 cubic metres, the volume of gypsum production increased by
230% to 18,300 tonnes, the volume of lime production decreased by
29.1% to 27,500 tonnes, the volume of cement, artificial stone or
concrete blocks and bricks production decreased by 37.5% to 47,600
tonnes, the production of prefabricated concrete structures increased
by 1.4% to 37,200 cubic metres, the volume of production of processed
marble, travertine, alabaster and products derived from them decreased
by 32.7% to 21,605.8 tonnes, and the volume of ready-made concrete
mix production increased by 5.1% to 605,800 tonnes.

Currently, the Azerbaijani government is implementing large-scale
rehabilitation projects in Karabakh. These works stimulate the increase
in the production volume of construction materials. However, prices for
materials are rising as well.

3.3.6 Major Sectors
In January-October of this year, agricultural products worth AZN9.7 bn
were produced in Azerbaijan, which is 3.2% more y/y. The value of
agricultural products produced in the country increased by 3.2% to
AZN5.3bn, and the value of livestock products increased by 3.1% to
AZN4.42bn.

By November 1 of 2022, 2.8mn tonnes or 6.2% less than the same
period last year were harvested from the fields of grain and grain
legumes (without corn) in the country.. In addition, 232,700 tonnes of
crops were collected from 30,400 hectares of corn fields. From the
beginning of harvesting, 1mn tonnes of potatoes or 2.4% more than the
same period last year, 1.7mn tonnes (1.4% more) of vegetables,
468,700 tonnes (1.9% more) of melons products, 1mn tonnes (3.5%

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