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Azerbaijan significantly increases export of oil

Oil&Gas Materials 20 February 2020 17:19 (UTC +04:00)

BAKU, Azerbaijan, Feb. 20

By Nargiz Ismayilova – Trend:

The volume of oil export in Azerbaijan amounted to 3.9 million tons in January 2020, which is 38.5 percent more compared to the same month of 2019, Trend reports referring to the report of country’s State Customs Committee (SCC).

According to the report, the total volume of export of energy products dropped by 38.8 percent and amounted to $1.5 billion.

The total volume Azerbaijan’s export amounted to $2.1 billion in January 2020, which is 42.8 percent more compared to January 2019.

Main types of energy products exported from Azerbaijan for January 2020 (without gas):

Products

Volume

Cost

(in USD)

Share in export volume

(in percent)

Crude oil (in tons)

3,986,095.14

1,960,560.96

92.04

Petroleum products, according to the 2710 commodity code (in tons)

59,345.33

28,159.68

1.32

Electricity (thousands, kilowatt/hour)

152,149.79

7,697.16

0.36

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