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Kazakhstan boosts petroleum oils export to EU countries

Oil&Gas Materials 25 January 2021 22:07
Kazakhstan boosts petroleum oils export to EU countries

BAKU, Azerbaijan, Jan.25

By Nargiz Sadikhova - Trend:

Kazakhstan has exported 3.09 million tons of crude petroleum oil and oil obtained from bituminous minerals worth 8.5 billion euros to the European Union in October 2020, a Eurostat official told Trend.

In turn, Kazakhstan exported 31.9 million tons of petroleum oil and oil obtained from bituminous minerals worth 9.6 billion euros to the European Union from Jan. through Oct. 2020.

Thus, the October volume of crude oil and oil obtained from bituminous minerals from Kazakhstan to the European Union is 2.03 percent more than in volume compared to September 2020 (3.02 million tons) and is 18.3 percent less than in Jan. 2020 (3.7 million tons).

October’s export value is also 1.02 percent more than in September 2020 (847.8 million euros) and is 51.4 percent less than in Jan. 2020 (1.7 billion euros).

The value of trade turnover between Kazakhstan and EU countries amounted to $20.1 billion over the first ten months of 2020, compared to $26.6 billion during the same period of 2019.

Kazakhstan’s export to EU countries amounted to $15.1 billion over the period from January through Oct. 2020, compared to $21.01 billion during the same period of 2019.

In turn, Kazakhstan’s imports from EU countries amounted to nearly $4.9 billion over the reporting period, compared to $5.6 billion during the same period of 2019.

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