Oil and gas production forms almost 95 percent of Azerbaijan’s export in 2013

Photo: Oil and gas production forms almost 95 percent of Azerbaijan’s export in 2013 / Oil&Gas

Baku, Azerbaijan, March 25
By Emil Ismayilov - Trend:

Azerbaijan exported around $30.7 billion worth of oil and oil products in 2013 or 5.6 percent less compared to 2012, according to the balance of payments published by the country's Central Bank.

Oil and gas products accounted for 94.9 percent of exported goods.

Around $1.6 billion of the total volume of exported oil products was oil processing products. The country exported about $26.9 billion worth of oil.

Azerbaijan International Operating Company (AIOC) produced around $25.3 billion worth of the total volume of the exported oil. Some $303 million fell to the condensate from the Shah Deniz field and about $1.34 million came from the State Oil Company of Azerbaijan (SOCAR).

The total cost of the exported products from Azerbaijan amounted to around $32.4 billion compared to $31.8 billion in 2012.

Translated by L.Z.

Edited by C.N.

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