Azerbaijan reduces oil exports by nearly 6%

Azerbaijan exported 17.9 million tons of oil (including condensate) in the first nine months of 2024, marking a decrease of 1.1 million tons, or 5.8%, year-on-year, Report informs, citing the country’s Energy Ministry.

During this period, the consortium reduced oil exports by 1.1 million tons, or 6.6%, to 15.6 million tons.

Meanwhile, the State Oil Company of Azerbaijan (SOCAR) maintained its export volumes at 2.3 million tons, consistent with last year's levels.