Azerbaijan more than doubles revenues from carbamide exports

In January-November 2022, the carbamide exports of Azerbaijan amounted to $198.6 million, showing a $105.2 million or 2.1-fold growth compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In November 2022, Azerbaijan exported carbamide worth $16.9 million, down $6.7 million or 28.4% from the previous year.

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.