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Azerbaijan increases revenues from export of oil & oil products to Ukraine

Oil&Gas Materials 15 February 2019 13:24 (UTC +04:00)

Baku, Azerbaijan, Feb. 15

By Azad Hasanli - Trend:

In 2018, Azerbaijan exported 591,288.85 tons of oil and oil products to Ukraine, which is 22 percent less than in 2017, Trend reports citing a statement of Azerbaijan's State Statistical Committee.

However, according to the Committee, in total, the value of exports increased from 299.9 million to 310.4 million manats. This is due to lower oil prices in 2017 compared to 2018.

At the same time, during the period, Azerbaijan increased the export of kerosene for jet engines. So, last year, 7,370.71 tons of kerosene worth 4.77 million manats were delivered to Ukraine. During the year, kerosene exports nearly doubled, but revenues declined by about 25 percent.

Azerbaijan also exported petroleum coke to Ukraine in the amount of 7,524.3 tons and totaling 451,460 manats. In 2017, these indicators amounted to 25,858.12 tons and 1.55 million manats, respectively.

In total, the oil and oil products account for over 85 percent of Azerbaijan’s exports to Ukraine. According to the State Customs Committee of Azerbaijan, the trade turnover with Ukraine in 2018 amounted to $828.5 million, of which the export of Azerbaijani products accounted for $358.7 million.

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Follow the author on Twitter: @Hasanli_Azad

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