Azerbaijan decreases revenues from carbamide exports by more than half

In January-April 2023, the carbamide exports of Azerbaijan amounted to $30.3 million, showing a $37.9 million or 2.26 times decline compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

The nitrogen fertilizer is produced in the SOCAR Carbamide Plant, of which the production capacity is 650-660,000 tonnes of carbamide using 435 million cubic meters of natural gas. The Plant was put into operation on January 16, 2019. Some 70% of the production is for export.