(MENAFN- AzerNews)
By Ayya Lmahamad
Azerbaijan has exported 9.4 million tons of oil worth $3.6
billion from January to April 2022, Azernews reports, citing the
State Customs Committee.
In the first four months of the year, Italy was the main oil
importer from Azerbaijan, accounting for 4.3 million tons of oil
worth $3 billion.
The top five countries in terms of oil imports from Azerbaijan
were Italy, Israel (790,540 tons of oil worth $539.1 million),
Portugal (573,651 tons of oil worth $400.5 million), the UK
(523,579 tons of oil worth $391 million) and India (406,773 tons of
oil worth $316.1 million).
Meanwhile, Azerbaijan exported 136,436 tons of oil worth $69.6
million to Turkey in the first four months of this year.
During the reported months the share of oil in the total
structure of exports amounted to 55.3 percent.
In 2021, Azerbaijan exported 27.1 million tons of oil worth
$13.2 billion. The top five countries in terms of oil imports from
Azerbaijan were Italy, Israel, Croatia, Germany, and Portugal. In
addition, Azerbaijan produced 34.6 million tons of crude oil in
2021. The slight increase in oil production last year was primarily
due to the gradual elimination of voluntary oil output cuts under
the OPEC+ deal.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
Twitter: @AyyaLmahamad
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