Azerbaijan records sharp decline in oil imports from Russia

Azerbaijan imported 27,617.99 tons of crude oil worth $15,436,580 from Russia in January 2024, down 55,944.93 tons (3.03 times) and $31,461,910 (3.04 times) from the previous year, Report informs, citing the State Statistical Committee.

In January of this year, Azerbaijan imported crude oil only from Russia. The country’s total oil imports for the reporting period dropped by 160,959.52 tons, or 6.8 times, compared to the same month of last year.

In terms of amount, the cost of Azerbaijan’s overall oil imports for January 2024, fell by $94,272,970, or 7.1 times, compared to the correspoding month of last year.