SOCAR Department posts 33% decline in revenues from non-oil exports

Agshin Rafigoglu
Author

In January-February 2023, the Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported non-oil products worth $60.2 million (-$29.7 million or 33.04%), Report informs, citing the Export Review of the Center for Analysis of Economic Reforms and Communication.

In the reporting period, Azerbaijan's total exports amounted to $4.5 billion, with non-oil sector accounting for $651.4 million.

Other News

BTC oil shipments through Türkiye fall 7.8% in January–September 21 October, 2026 / 20:56
SOCAR Türkiye secures $1.6 billion to refinance existing loans 21 October, 2026 / 20:28
Azerbaijan takes part in OGT-2026 energy conference in Ashgabat 21 October, 2026 / 19:50
Azerenerji, World Bank review progress on AZURE project 21 October, 2026 / 15:51
Azeri Light crude sells for 119.68 per barrel 21 October, 2026 / 10:16
S&P Global expects sustainable aviation fuel production to rise through 2028 20 October, 2026 / 21:13
Offshore construction begins on $2.9 billion Shah Deniz Compression project 20 October, 2026 / 19:21
Azerbaijan allocates $123,529 in soft loans for solar panel installation 20 October, 2026 / 14:18
East Azeri produces 645 million barrels of oil to date 20 October, 2026 / 14:04
Azerbaijan saved 840MCM of gas at renewables' expense for 9 months 20 October, 2026 / 13:48
Minister: International projects to accelerate transformation of Nakhchivan into green energy zone 20 October, 2026 / 12:49
Azerbaijan to invest $600 million in strengthening power grids 20 October, 2026 / 12:41
SOFAZ revenue from ACG development exceeded 6.5B manats in January–September 20 October, 2026 / 12:05
Shah Deniz brings SOFAZ over 564 million manats in revenue 20 October, 2026 / 11:58
Azeri Light crude rises to 118.53 per barrel 20 October, 2026 / 11:03
Azerbaijan creates 5,400 MW of new generating capacities since 2003 20 October, 2026 / 10:05
Baba Rzayev: Azerbaijan built 51 substations in seven years 20 October, 2026 / 10:00
Eight hydropower plants under construction in Azerbaijan's liberated territories 20 October, 2026 / 09:59
Azerbaijan increases revenue from methanol exports by 8% 19 October, 2026 / 11:08
Azerbaijan increases exports of petroleum bitumen 3.5-fold 19 October, 2026 / 11:03