Azerbaijan increased oil imports by approximately 40% in Jan.-Feb. 2025

Azerbaijan imported 256,255.75 tons of oil worth $130,131,090 in January-February 2025, Report informs, citing the country's State Statistics Committee.

The oil imports increased by 38% YoY in quantitative terms and by 22.7% YoY in value terms.

The main volume of oil (89.5%) was imported from Russia: 229,462.23 tons (1.8 times more YoY) of oil worth $116,682,770 (1.7 times more YoY).

In the first two months of 2025, Azerbaijan also imported 26,793.52 tons (-7%) of oil worth $13,448,320 (-29.1%) from Kazakhstan.

Azerbaijan imported 1.869 million tons (+2.5%) of oil worth $1.02 billion (+5.3%) in 2024.