Azerbaijan has until now paid scant attention to the growing worldwide wave of renewable energy sources.

The bank raised the upper level of the rate corridor to 8.25 percent from 8.0 percent, while the lower level remained unchanged - at 6.0 percent.

Gas exports from Shah Deniz amounted to 15.923 billion cubic metres (bcm) in the first eleven months of this year, 44.4 percent up from the same period last year.

The ministry said that oil production in November was below the country's quota under OPEC+ commitments at 647,000 bpd.

Gross domestic product (GDP) grew 5.3 percent in January-November this year from a year earlier mainly backed by the growth in the non-oil sector.