Baku, Azerbaijan, May 26
By Maksim Tsurkov - Trend:
Georgia imported 83,570 metric tons of oil and petroleum products worth $42.09 million from Azerbaijan in January-April 2015, the Georgian National Statistics Service's foreign trade report as of January-April 2015 said.
The volume of supplies increased by 45.1 percent, while in terms of value decreased [due to the oil price fall] by 19.6 percent compared to the same period of 2014.
Oil and oil products from Azerbaijan in January-April amounted to 22.8 percent of a total import volume of Georgia in this category of products, the report said.
Georgia has imported oil and oil products in the amount of $184.28 million since early 2015.
In annual terms, the volume of Georgian imports of oil and oil products from Azerbaijan in value terms declined by 39.2 percent (in quantitative terms, supplies increased by 5,700 metric tons in oil equivalent or by 11.1 percent).
For comparison, Georgia imported 57,610 metric tons of oil and oil products in the amount of $52.4 million from Azerbaijan in January-April 2014.
Georgia imported the products worth $199.98 million from Azerbaijan in January-April 2015 or by 5.5 percent less than in the same period of 2014.
Previously, Azerbaijani petroleum products were produced at two refineries in Baku. Both of these refineries were included in SOCAR, which annually processes around 7 million metric tons of oil produced at onshore and offshore fields with its own funds.
SOCAR announced about liquidation of Azneftyag oil refinery and its merger with Baku Oil Refinery named after Heydar Aliyev in December 2014. Most of Azerbaijani petroleum products are exported to Georgia.
Edited by CN
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