BAKU, Azerbaijan, October 17. Azerbaijan's oil bitumen exports during the period from January to September 2023 totaled just 1,623 tons, a stark contrast to the 88,716 tons exported during the same period in 2022, marking a nearly 55-fold decrease year-on-year, Trend reports via the State Customs Committee.
In parallel, the export value plummeted from nearly $25.4 million in the first nine months of 2022 to a mere $404,000 during the same period in 2023, reflecting a decrease of almost 63 times.
The volume of exports of crude oil and petroleum products from Azerbaijan has shown a noteworthy increase, rising from 19.5 million tons from January through September 2022 to nearly 19.9 million tons during the same period this year, marking a 2.05 percent growth.
According to data from the State Customs Committee, the share of crude oil and petroleum products in Azerbaijan's total exports for the reporting period stood at 45.79 percent, compared to 50.46 percent the previous year.
Azerbaijan's oil is distributed to neighboring countries and global markets via three major pipelines: Baku-Novorossiysk, Baku-Supsa, and Baku-Tbilisi-Ceyhan (BTC). Currently, transportation through the Baku-Supsa pipeline is temporarily halted.
Furthermore, oil is also exported by rail to the Georgian terminals in Batumi and Kulevi.
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