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Azerbaijan reduces crude oil exports to Portugal

Oil&Gas Materials 13 October 2023 14:27 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 13. Azerbaijan exported over 230,528 tons of crude oil and oil products to Portugal from January through August 2023, which is 1.24 percent of the total volume of raw materials exported from Azerbaijan, Trend reports.

This indicator decreased by 68.96 percent or 512,110 tons on a year-on-year basis.

The value of Azerbaijani oil and oil products exports to Portugal amounted to $147.7 million from January through August 2023. This is 72.99 percent or $399.1 million less year-on-year.

Azerbaijan exported a total of 18.5 million tons of oil and oil products from January through August 2023, which is 2.9 percent more year-on-year (17.9 million tons).

In value terms, oil exports exceeded $11.2 billion, which is 18.14 percent or $2.4 billion less year-on-year.

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