Azerbaijan produced petroleum products worth 4,136.3 million manats ($2.43 billion) in 2022, 4.2% less than a year ago, Report informs, referring to the State Statistical Committee.
During the reporting period, 1,282,700 tons (+1.4%) of gasoline, 2,040,000 tons of diesel fuel (-15.5%), 44,600 tons of lubricating oil (-23.5%), 342,400 tons of petroleum bitumen (-5.5%) were produced.
In the reporting period, the country produced 296,100 tons (-21.6%) of gasoline for the petrochemical industry, 563,600 tons of kerosene (+14.6%), 77,700 tons of fuel oil (-26.9%), and 209,600 tons of petroleum coke (-18.2%).
As the only oil refinery in the region, the Heydar Aliyev Oil Refinery of SOCAR provides Azerbaijan with fuels such as RON-92, diesel, and jet fuel, but also supplies SOCAR's petrochemical plants in Azerbaijan with raw materials. Some of the plant's products are exported. Modernization and reconstruction work aimed at increasing the production capacity of the refinery, providing the country with high-quality fuel in accordance with Euro-5 standards, stable supply of Azerikimya PU, and increasing the export potential of oil products are important for Azerbaijan's industry.