Azerbaijan eyes increasing gasoline production in 2022

Economy Materials 12 November 2021 11:37 (UTC +04:00)

BAKU, Azerbaijan, Nov. 12

By Khagan Isayev – Trend:

Azerbaijan plans to produce about 1.239 million tons of motor gasoline in 2022, Trend reports referring to the draft state budget of Azerbaijan for next year.

According to the project, the production of motor gasoline in the country in 2023 will amount to 1.347 million tons, in 2024 - 1.461 million tons and 1.463 million tons in 2025.

Thus, the projected volume of motor gasoline production for 2025 exceeds the figure for 2022 by 18.07 percent.

It is noted that the production of oil products in Azerbaijan in 9M2021 in value terms increased by 17.7 percent, or 580.9 million manats ($341.8 million) compared to the same period last year - up to 3.282 billion manats ($1.9 billion).

As of January 1, 2021, stocks of finished products (oil) in the country amounted to 439,500 tons.