Kazakhstan increases crude oil exports to Italy in 1H2020
BAKU, Azerbaijan, Sept. 17
By Nargiz Sadikhova - Trend:
Kazakhstan has exported 9.6 billion tons of crude oil worth $3.9 billion to Italy in 1Q2020, a source at Kazakhstan’s oil and gas market told Trend.
The exported volume was 10.9 percent more than during 1Q2019 (8.6 billion tons), whereas the value was 5.2 percent less than in 1Q2019 ($4.1 billion).
During the reporting period, Kazakhstan has also exported 15,003 tons of petroleum products to Italy, for a total of $5.3 million.
Petroleum products export volume was 63.7 percent less than in 1Q2019 (41,359 tons), whereas export value was 64.3 percent less than in 1Q2019 ($14.9 million).
Kazakhstan’s overall export of crude oil stood at 33.3 million tons worth $15.08 billion in 1H2020 which is compared to 34.6 million tons worth $16.4 billion in 1H2019.
Kazakhstan’s overall export of petroleum products stood at 364,459 tons of products worth $1.04 million in 1H2020 which is compared to 574,297 tons worth $1.6 million in 1H2019.
The value of trade turnover between Kazakhstan and Italy amounted to $4.3 billion over 1H2020, compared to $5.01 billion during the same period of 2019.
Kazakhstan’s export to Italy amounted to $3.9 billion over the period from January through June 2020, compared to $4.2 billion during the same period of 2019.
In turn, Kazakhstan’s imports from Italy stood at about $422.4 million over the reporting period, compared to $771.1 million during the same period of 2019.
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