SOCAR Department posts 42% decline in revenues from non-oil exports

Agshin Rafigoglu
Author

In January-April 2023, the Marketing and Economic Operations Department of the State Oil Company of Azerbaijan (SOCAR) exported non-oil products worth $121.5 million (-$86.9 million or 41.7%), 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 $12.6 billion, with the non-oil sector accounting for $1.2 million.

Other News

Turkish сompany to сonduct grid studies for Shams SPP in Azerbaijan 22 October, 2026 / 15:05
Financing, investment partnership opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 13:43
Baku reviews off-take, market opportunities for electricity along Green Energy Corridor 22 October, 2026 / 13:29
Business model, investment opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 13:21
Azerbaijan develops roadmap for energy sector actions through 2060 22 October, 2026 / 12:56
Business model, investment opportunities for Green Energy Corridor discussed in Baku 22 October, 2026 / 12:47
Azerbaijan plans FID on Caspian-Black Sea-Europe Green Energy Corridor in 2029 22 October, 2026 / 11:40
Azerbaijan approves Long-Term Low-Emission Development Strategy 22 October, 2026 / 11:25
Azeri Light crude rises to 119.7 per barrel 22 October, 2026 / 10:18
Brent crude grows over 2% 22 October, 2026 / 10:05
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