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Spain lowers import of Azerbaijani crude oil

Oil&Gas Materials 26 February 2021 14:58 (UTC +04:00)
Spain lowers import of Azerbaijani crude oil

BAKU, Azerbaijan, Feb.26

By Fidan Babayeva - Trend:

Azerbaijan exported over 1 million tons of crude oil to Spain in 2020, which is 32 percent less compared to 2019, Trend reports citing the State Statistical Committee of Azerbaijan.

According to the committee, the value of crude oil exports to Ukraine for the reporting month amounted to $327.6 million, which has plunged by 53 percent over the year.

“During the past year, 28.4 million tons of oil (together with condensate) were exported from Azerbaijan. Compared to 2019, the volume of oil exports (together with condensate) decreased by 2.9 million tons or 9.2 percent. Spain’s share in exports from Azerbaijan amounted to 3.5 percent,” the report reads.

The trade turnover between Azerbaijan and Spain in 2020 amounted to $427.3 million. Exports from Azerbaijan to Spain amounted to $329.7 million, imports – over $98 million.

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Follow the author on Twitter: @Fidan_Babaeva

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