Oil export from Azerbaijan amounts to $4528 over 9 months

Oil&Gas Materials 17 December 2005 13:33 (UTC +04:00)

In compliance with the payment balance of Azerbaijan, over the first three quarters of 2005, oil and gas export from the country has comprised $4528m, or 2 times more than ($2243) in 2004.

The National Bank of Azerbaijan, which is involved in making the statistics of the payment balance, told Trend that over 9 months crude oil export amounted to $3473.2m. $2936.5m of the total amount fell on the AIOC, while $536.7m вЂ" on private oil of SOCAR and different exporters in the oil and gas sector.

The cost of export of SOCAR and non-AIOC members grew $143.4m over 9 months of 2004. $2389.9m of the AIOC’s export profits in the first three quarters of 2005 fell on its foreign partners and $546.6m on Azerbaijan.