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Azerbaijan's export of oil products edges down

Oil&Gas Materials 16 November 2020 17:54 (UTC +04:00)
Azerbaijan's export of oil products edges down

BAKU, Azerbaijan, Nov.16

By Fidan Babayeva - Trend:

Azerbaijan exported more than 26 million tons of oil from January through October 2020, which is 3.1 percent less compared to the same period of 2019, Trend reports citing the report of the State Customs Committee (SCC).

The SCC said that the total value of the oil exported in the reporting period made up $8.4 billion, having decreased by 34.6 percent year on year.

At the same time, the volume of export of oil products by the country amounted to 865,858 tons, which is 12.6 percent less compared to the same period of 2019.

In monetary terms the total volume of oil products exports from Azerbaijan for the reporting period amounted to $12.2 billion, showing an annual contraction of 27.3 percent, the report said.

Main types of energy products exported from Azerbaijan in 10M2020:

Products

Volume

Cost

Share in export volume,

in percents

Crude oil (tons)

26 million

$8.4 billion

69.29

Petrochemicals (2710 commodity code) (tons)

865,858

$239 million

1.95

Electric energy, kW per hour

1.18 million

$56.7 million

0.46

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Follow the author on Twitter: @Fidan_Babaeva

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