Azerbaijan nearly quintuples revenues from carbamide exports

In August 2022, Azerbaijan exported carbamide worth $20.3 million, up $9.3 million or 84.5% from the previous year, Report informs, citing the Export Review of the Azerbaijani Center for Economic Reforms Analysis and Communication.

In January-August 2022, the carbamide exports of Azerbaijan amounted to $142.2 million, showing a $110.8 million or 4.5-fold growth compared to a year earlier.

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.