United States increase import of Azerbaijani oil by almost 45%
Baku, Azerbaijan, Sept.3
By Emil Ismayilov - Trend:
The United States imported 84,000 barrels of oil from Azerbaijan in the first half of 2014 versus 58 million barrels in the same period of 2013, the State Administration of the United States Energy Information Administration (EIA) said.
The entire volume of imported products account for naphtha, which is used as a raw material in the petrochemical industry, the report said.
In 2013, the United States imported from Azerbaijan 366,000 barrels of oil versus 46 million barrels in the same period of 2012.
After a long hiatus in 2012, the United States imported from Azerbaijan in total 46,000 barrels of oil, while some 308,000 barrels of oil products were delivered to this country in 2008 from Azerbaijan.
Oil products in Azerbaijan are produced at two Baku refineries with a total capacity of 16 million tonnes per year. Both plants are owned by SOCAR, which annually processes approximately 7 million tonnes on offshore and onshore fields at its own expense.