Azerbaijan more than triples revenues from carbamide exports

In January-September 2022, the carbamide exports of Azerbaijan amounted to $163.5 million, showing a $113.6 million or 3.3-fold growth compared to a year earlier, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In September 2022, Azerbaijan exported carbamide worth $21.3 million, up $2.8 million or 15.1% 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.