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Azerbaijan’s petroleum oils export to EU exceeds 5B euros

Oil&Gas Materials 15 November 2021 11:40 (UTC +04:00)
Azerbaijan’s petroleum oils export to EU exceeds 5B euros

BAKU, Azerbaijan, Nov.15

By Leman Zeynalova – Trend:

The export of petroleum oils and oils obtained from bituminous minerals, crude from Azerbaijan to 27 European Union (EU) countries exceeded 5.38 billion euros from January through August 2021, Eurostat told Trend.

The value of exports amounted to 500.2 million euros in January, 776 million euros in February, 606.6 million euros in March, 646.1 million euros in April, 694.8 million euros in May, 880 million euros in June, 689.5 million euros in July and 614.4 million euros in August.

In terms of volume, Azerbaijan exported 1.6 million tons in January, 2.28 million tons in February, 1.59 million tons in March, 1.7 million tons in April and 1.78 million tons in May, 2.2 million tons in June, 1.55 million tons in July and 1.4 million tons in August.

The export of petroleum oils and oils obtained from bituminous minerals, crude from Azerbaijan to 27 European Union countries stood at 22.1 million tons as of 2020 valued at 6.2 billion euros.

The lowest value of exports was recorded in May 2020 at 229.4 million euros, while the highest value was observed in January 2020 with 1.01 billion euros.

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Follow the author on Twitter: @Lyaman_Zeyn

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