BAKU, Azerbaijan, October 23. Azerbaijan has recorded a decline in its crude oil and petroleum product exports to 27 European Union (EU) countries during the period from January to August 2023, Eurostat, the European Union's statistical office, told Trend.
The data indicates that Azerbaijan exported a total of 14.3 million metric tons of these products, with a total export value of 8.5 billion euros.
In the specific context of August 2023, the data reveals that the 27 EU member states imported 1.5 million metric tons of crude oil and petroleum products, marking a 25 percent decrease compared to the over 2 million metric tons imported in July.
These imports in August had an associated cost of approximately 926.7 million euros, representing a 19.3 percent drop from the 1.1 billion euros spent in July.
Oil from Azerbaijan is transported to neighboring countries and global markets through three major pipelines: Baku-Novorossiysk, Baku-Supsa, and Baku-Tbilisi-Ceyhan (BTC). Currently, transportation via the Baku-Supsa pipeline is temporarily suspended.
In addition, oil is exported by rail to the Georgian terminals in Batumi and Kulevi.
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