Georgia’s imports of crude, petroleum oil from Azerbaijan soar

Georgia imported 40,000 tons of crude oil and petroleum based oils, valued at $33 million from Azerbaijan in January-April of 2024, shows an increase of 5 times both in volume and value from the same period of last year, Report informs with the reference to the National Statistics Office of Georgia.

Azerbaijan ranks 4th among the countries that export crude oil and petroleum oils to Georgia.

During the reporting period, Georgia bought a total of 494,000 tons of crude oil and petroleum oils worth $423 million from abroad, which is 33 percent and 22 percent more than a year ago, respectively.

Over the course of four months, Georgia supplied 240,000 tons of products worth $184 million from Russia, 60,700 tons worth $52 million from Romania, 57,000 tons worth $52 million from Bulgaria, 22.42 tons worth $23 million from Greece.

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