Azerbaijan's Profit From Oil Exports Increases
Date
7/18/2024 9:26:52 AM
(MENAFN- AzerNews)
Ulviyya Shahin
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In the first half of this year, Azerbaijan exported 11,098
thousand tons of oil worth 7,012,103 thousand US dollars,
Azernews reports, citing the State Customs
Committee.
Azerbaijan's oil export revenues decreased by 10.1% compared to
the corresponding period of 2023, and the volume of oil decreased
by 13.4%.
It should be noted that during this period, the share of oil
exports in the country's total exports was 54.35%.
The State customs Committee of Azerbaijan regularly publishes
data on the country's export activities, including detailed reports
on oil exports. These reports provide insights into the volume of
oil exported, its market value in US dollars, and comparisons with
previous periods to analyze trends in the oil sector.
Azerbaijan's oil export statistics are significant indicators of
the country's economic health and its role in global energy
markets, reflecting both the challenges and opportunities its oil
industry faces in a dynamic global economic environment.
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