Georgia’s crude and petroleum oil imports from Azerbaijan skyrocket

Georgia imported 28,000 tons of crude oil and petroleum oil, valued at $23.1 million, from Azerbaijan in January-March of 2024, Report informs.

Data from the National Statistics Office of Georgia shows that this is sixfold more than the indicator of the same period of 2023 in value and sevenfold more in volume.

Azerbaijan ranked fourth among the countries that export crude oil and petroleum oil to Georgia.

During the reporting period, Georgia bought a total of 347,000 tons of crude oil and petroleum oil worth $290 million from abroad, which is 10 percent and 16 percent more than a year ago, respectively.

Thus, Georgia supplied 180,000 tons of products worth $137 million from Russia, 49,000 tons worth $41 million from Romania, 33,000 tons worth $30 million from Bulgaria, and 16 tons worth $14 million from Turkmenistan.

Meanwhile, in 2023, Georgia imported 1.418 million tons of crude oil and petroleum oil worth $1.17 billion from abroad, of which 112,388 tons worth $95.444 million came from Azerbaijan.