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Thailand reduces import of crude oil, petroleum products from Azerbaijan

Oil&Gas Materials 29 June 2023 03:30 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 29. Azerbaijan exported over 48,680 tons of crude oil and petroleum products to Thailand from January through May 2023, which is 0.41 percent of the total export of raw materials from Azerbaijan, Trend reports.

This figure decreased by 319,780 tons (86.79 percent) on annual basis.

The value of exports of Azerbaijani oil and petroleum products to Thailand in the first five months of the current year amounted to $26.09 million, which is $205.39 million (88.73 percent) less compared to the same period in 2022.

In total, Azerbaijan exported about 11.7 million tons of oil and petroleum products from January through May 2023, which is 3.24 percent more in comparison with the same period last year (11.3 million tons).

In value terms, oil exports exceeded $7.2 billion, which is 10.4 percent, or $83.8 million less than in the same period last year.

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