Azerbaijan's oil imports surge to 1.9 million tons in 2024

In 2024, Azerbaijan imported 1.868 million tons of oil worth $1.2 billion, Report informs referring to the State Statistics Committee.

Compared to 2023, oil imports in 2024 increased by 2.5% in quantitative terms and by 5.3% in value.

In the import structure, the majority of supplies came from Russia, from where 1.672 million tons of oil (28.3% increase) worth $906.539 million (24.3% increase) were imported during the reporting period.

During the reporting period Azerbaijan imported the remaining volumes of oil from Kazakhstan (34,593 tons worth $22.828 million) and Turkmenistan (161,502 tons worth $90.824 million).