BAKU, Azerbaijan, Nov. 11
By Khagan Isayev - Trend:
According to the forecasts, 5.7 billion tons of oil products will be produced in Azerbaijan in 2022, Trend reports on Nov. 11 referring to the Azerbaijani draft state budget for next year.
According to the draft state budget, the production volume of oil products in the country will reach 5.802 billion tons, 5.842 billion tons and 5.852 billion tons in 2023, 2024 and 2025, respectively.
The production volume of this product will grow by 1.66 percent in 2025 compared to the forecast for 2022.
Thus, the production volume of oil products in Azerbaijan in value terms increased by 17.7 percent or 580.9 million manat ($341.7 million) up to 3.3 billion manat ($1.9 billion) from January through September 2021 compared to the same period of last year.