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Largest importers of Azerbaijani oil in January 2023

Oil&Gas Materials 15 February 2023 16:54 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, Feb.15. Azerbaijan’s total crude oil and oil products’ exports stood at around 2.246 million tons worth almost $1.398 billion in January 2023, Trend reports with reference to the State Customs Committee.

In terms of import volume, Italy came in first with 848 983 tons worth $538.334 million, followed by Israel with 381 940 ​​ tons worth $237.065 million and Germany with 145 941 ​​tons worth $91.719 million.

The table below shows 10 largest importers of crude oil and oil products from Azerbaijan in the first month of 2023 in terms of volume:

Country

Volume of imports (tons)

Value of imports (USD)

Italy

848 983.07

538 333 860

Israel

381 940.30

237 065 030

Germany

145 940.95

91 719 700

India

138 527.49

85 811 360

Vietnam

138 516.86

85 115 060

Czech Republic

131 799.05

80 730 640

Ireland

88 400.01

55 392 910

Romania

86 118.18

52 773 610

Austria

85 994.55

52 484 630

Greece

84 724.61

51 922 560

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. Baku-Supsa is not operational at the moment due to the lack of nominations from shippers.

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.

Follow the author on Twitter: @Lyaman_Zeyn

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