Azerbaijan increases revenues from nitrogen fertilizer exports by 38 times

In January-May 2022, Azerbaijan exported 123,138 tons of urea worth $ 84.07 million, up $9.8 times and 38.2 times, respectively, from a year earlier, Report informs, citing the "Export Review" of the Center for Economic Reforms Analysis and Communication.

During the reporting period, nitrogen fertilizer accounted for 7.08% of exports in the non-oil sector and 0.55% of total exports.

Nitrogen fertilizer is produced at the SOCAR Urea Plant in the Sumgayit Chemical Industrial Park. The plant was commissioned on January 16, 2019, and can produce 650,000-660,000 tons of urea per year using 435 million cubic meters of natural gas as raw material. 70% of production is intended for export.