Azerbaijan’s oil exports down by 7% in Q124
Energy
- 08 April, 2024
- 13:31
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Azerbaijan exported 6 million tons of oil (including condensate) in the first quarter of 2024, down 0.4 million tons, or 6.7%, from the previous year, Report informs, citing the operational data of the Ministry of Energy.
In January-March 2024, Azerbaijan International Operating Company (IOC) exported 5.2 million tons of oil, showing a decrease of 0.6 million tons, or 10.34%, compared to the same period last year.
During the reporting period, the State Oil Company of Azerbaijan (SOCAR) increased oil exports by 224,000 tons, or 38.9%, to 800,000 tons.
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