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Azerbaijan’s revenues from oil exports to Türkiye up

Oil&Gas Materials 31 January 2023 15:44 (UTC +04:00)
Azerbaijan’s revenues from oil exports to Türkiye up
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, January 31. Azerbaijan exported 768,726 tons of crude oil to Türkiye in 2022, showing a 11.3 percent growth compared to 690,645 tons in 2021, Trend reports with reference to Azerbaijan’s State Customs Committee.

The value of exports rose from $331.599 million to $502.220 million, an increase by 51.5 percent year-on-year.

Azerbaijan’s crude oil and oil exports exceeded 26.024 million tons valued at $19.484 billion as of 2022, or 4.03 percent lower in terms of volume and 47.4 percent higher in terms of value as compared to 2021.

There are three main oil pipelines transporting oil from Azerbaijan to its neighbors and on to world markets: Baku-Novorossiysk Pipeline, Baku-Supsa Pipeline and Baku-Tbilisi-Ceyhan (BTC) Pipeline.

In addition, railway lines traversing the length of Azerbaijan are also used to convey oil to the Batumi and Kulevi terminals located on the Black Sea along the coast of Georgia.

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