Azerbaijan records over 5-fold surge in fuel oil production

Azerbaijan produced 26,900 tons of fuel oil during the first nine months of 2024, representing a 5.2-fold increase year-on-year, Report informs, citing the country’s State Statistical Committee.

Overall, Azerbaijan produced 3.913 billion manats (over $2.3 billion) worth of petroleum products in nine months, which is an increase of 2.8% compared to the same period last year.

However, automobile gasoline production decreased by 0.9%, totaling 1.07 million tons. Diesel fuel production saw a slight increase of 1.1%, with almost 1.753 million tons produced.

Lubricating oils production rose by 10.3% to 49,400 tons, while petroleum bitumen production increased by 7.1% to 211,900 tons.

In January-September 2024, Azerbaijan produced 151,400 tons of liquified gases, 492,900 tons of kerosene, and 157,000 tons of petroleum coke. Liquified gas production dropped by 15.4%, and petroleum coke production decreased by 10.8%, whereas kerosene production rose by 12%.