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Azerbaijan names its main oil buyer in 3Q2022

Oil&Gas Materials 19 October 2022 16:15 (UTC +04:00)
Azerbaijan names its main oil buyer in 3Q2022
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 19. Azerbaijan exported about 7.5 million tons of oil to Italy from January through September 2022, which is 38.73 percent of the total Azerbaijani export of raw materials, the State Customs Committee (SCC) of Azerbaijan told Trend.

According to the committee, Azerbaijan's export to Italy has decreased by 20.8 percent (almost 9.5 million tons in the first nine months of 2021) year-on-year.

Azerbaijani oil exports to Italy reached about $5.67 billion in value in the reporting period, which is 31.23 percent more compared to the same period the previous year.

Azerbaijan totally exported over 19.5 million tons of oil from January through September 2022, which is 3.78 percent or about 1.16 million tons less than the same period last year. Oil exports exceeded $14.89 billion in value, which is 60.14 percent more than in the same period last year.

Trade turnover between Azerbaijan and Italy amounted to more than $14.8 billion in this period, which is 2.5 times or $8.8 billion more than from January through September 2021.

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