Azerbaijan sees more than 47% growth in gasoline production

Azerbaijan produced petroleum products worth 1,759.4 million manats ($1.03 billion) in January-May 2023, 25.4% more than a year ago, Report informs, referring to the State Statistical Committee.

During the reporting period, 570,800 tons (+47.6%) of gasoline, 923,400 tons of diesel fuel (+36.4%), 26,100 tons of lubricants (+52.6%), 79,300 tons of petroleum bitumen (-38.7%) were produced.

In the reporting period, the country produced 104,000 tons (+36.3%) of liquid gases, 221,900 tons of kerosene (+11.5%), 3,300 tons of fuel oil (-94.6%), and 105,700 tons of petroleum coke (+5.7%).

As the only oil refinery in the region, the Heydar Aliyev Oil Refinery of SOCAR provides Azerbaijan with fuels such as RON-92, diesel, and jet fuel, but also supplies SOCAR's petrochemical plants in Azerbaijan with raw materials. Some of the plant's products are exported. Modernization and reconstruction work aimed at increasing the production capacity of the refinery, providing the country with high-quality fuel in accordance with Euro-5 standards, stable supply of Azerikimya PU, and increasing the export potential of oil products are important for Azerbaijan's industry.