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Azerbaijan reveals top importer of its oil

Oil&Gas Materials 27 September 2022 17:06 (UTC +04:00)
Azerbaijan reveals top importer of its oil
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, September 27. Azerbaijan's oil exports to Italy exceeded $5.291 billion in value terms, or 38.5 percent of total oil revenues from January through August 2022, the State Customs Committee of Azerbaijan told Trend.

According to the agency, the country exported nearly 7.038 million tons of oil to Italy, which accounted for 19.13 percent of the overall exported oil.

Around 17.98 million tons of crude oil and oil products worth $13.724 billion were exported from Azerbaijan in the reporting period against 18.77 million tons ($8.499 billion) in the same period of 2021. Azerbaijan's income from crude oil and oil product exports grew by 61.5 percent year on year.

During this period, the mentioned products accounted for 52.29 percent of Azerbaijan's total exports compared to 65.70 percent a year earlier.

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