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SOCAR says 94% of Azerbaijan’s jet fuel production went to domestic market

Oil&Gas Materials 27 November 2020 10:47 (UTC +04:00)
SOCAR says 94% of Azerbaijan’s jet fuel production went to domestic market

BAKU, Azerbaijan, Nov.27

By Leman Zeynalova – Trend:

Azerbaijan produced 408,000 tons of jet fuel (kerosene) from January through October 2020, Ibrahim Ahmadov, deputy head of the public relations and events department at SOCAR, told Trend.

He noted that 94 percent of this volume went to the domestic market, while the remaining part was exported.

Ahmadov recalled that the country produced around 491,000 tons of jet fuel in from January through October 2019, with 93 percent accounting for the domestic market and the rest being exported.

The State Customs Committee said that from January through October 2020, Azerbaijan exported 865,858 tons of oil products, 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.

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: @Lyaman_Zeyn

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